Chinese electric vehicle (EV) maker Xpeng will release its unaudited financial results for the fourth quarter and full year 2024 on March 18, before U.S. markets open, the company said on Monday.
Xpeng’s management will host an earnings call at 8:00 a.m. U.S. Eastern time (8:00 p.m. Beijing time) on the same day.
The Guangzhou-based automaker delivered 91,507 vehicles in the fourth quarter, surpassing the upper end of its guidance range of 87,000 to 91,000 units.
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The figure marks a 52.1% increase year-on-year and a 96.7% rise from the third quarter. Xpeng had previously projected fourth-quarter revenue between RMB 15.3 billion ($2.1 billion) and RMB 16.2 billion, reflecting an annual growth of 17.2% to 24.1%.
Despite a traditionally slow start to the year for China’s auto market, Xpeng maintained strong momentum in early 2025, delivering 30,453 vehicles in February. This marked the fourth consecutive month of deliveries exceeding 30,000 units, driven primarily by its Mona M03 and P7+ sedan models.
For January-February, the company delivered 60,803 vehicles, a sharp increase of 375.2% from 12,795 units in the same period last year.
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In a research note on Monday, Deutsche Bank analyst Bin Wangâs team said Xpengâs January deliveries aligned with market expectations. The bank expects Xpeng to see an uptick in new orders as it rolls out six new products in the next four months.
Xpeng introduced the upgraded G6 SUV in February and plans to launch it officially this month, alongside refreshed versions of the G9 SUV and X9 MPV. The company is also expected to introduce a new mid-size SUV, the G7 (codenamed F01), in April, followed by the Mona M03 Max in May and a flagship sporty sedan (codenamed E29) in June, likely a next-generation P7.
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Xpeng began taking pre-orders for the 2025 G6 on February 28 and will officially launch the updated model next week, CEO He Xiaopeng said in a Weibo post earlier Monday.
Among its Chinese EV rivals, Li Auto is set to report earnings on March 14, while Zeekr will announce results on March 20. Nio has yet to confirm its earnings release date.