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X Peng Reports First Quarter 2021 Unaudited Financial Results ● • Quarterly total revenues reached RMB2,950.9 million , a 616.1 % increase year - over - year • Quarterly vehicle deliveries were 13,340 units • Quarterly gross margin reached 11.2 % GUANGZHOU , China , May 13 , 2021 ( BUSINESS WIRE ) -- XPeng Inc. ( “ XPeng ” or the “ Company ” , NYSE : XPEV ) , a leading Chinese smart electric vehicle ( “ Smart EV ” ) company , today announced its unaudited financial results for the first quarter ended March 31 , 2021 . First Quarter 2021 Operational Highlights Deliveries of vehicles reached 13,340 in the first quarter of 2021 , representing an increase of 487.4 % from 2,271 in the corresponding period of 2020 and an increase of 2.9 % from 12,964 in the fourth quarter of 2020 . Among the total P7s delivered as of the quarter , 96 % can support XPILOT 2.5 or X PILOT 3.0 . As of March 31 , 2021 , XPeng's physical sales and service network consisted of a total of 178 stores and 61 service centers , covering 70 cities . As of March 31 , 2021 , X Peng - branded super charging stations expanded to 172 , covering 60 cities . First Quarter 2021 Financial Highlights ● ● Total revenues were RMB2,950.9 million ( US $ 450.4 million ) for the first quarter of 2021 , representing an increase of 616.1 % from RMB 412.1 million for the same period of 2020 and an increase of 3.5 % from RMB2,851.4 million for the fourth quarter of 2020 . Revenues from vehicle sales were RMB 2,810.3 million ( US $ 428.9 million ) for the first quarter of 2021 , representing an increase of 655.2 % from RMB372.2 million for the same period of 2020 , and an increase of 2.7 % from RMB 2,735.4 million for the fourth quarter of 2020 . Gross margin was 11.2 % for the first quarter of 2021 , compared with negative 4.8 % for the same period of 2020 and 7.4 % for the fourth quarter of 2020 . Vehicle margin , which is gross profit of vehicle sales as a percentage of revenues from vehicle sales , was 10.1 % for the first quarter of 2021 , compared to negative 5.3 % for the same period of 2020 and 6.8 % for the fourth quarter of 2020 . Net loss was RMB786.6 million ( US $ 120.1 million ) for the first quarter of 2021 , compared with RMB649.8 million for the same period of 2020 and RMB787.4 million for the fourth quarter of 2020. Excluding share - based compensation expenses and fair value change on derivative liabilities related to the redemption right of preferred shares , non - GAAP net loss was RMB696.3 million ( US $ 106.3 million ) in the first quarter of 2021 , compared with RMB644.8 million for the same period of 2020 and RMB712.6 million for the fourth quarter of 2020 . Net loss attributable to ordinary shareholders of X Peng Inc. was RMB 786.6 million ( US $ 120.1 million ) for the first quarter of 2021 , compared with RMB935.1 million for the same period of 2020 and RMB 787.4 million in the fourth quarter of 2020. Excluding share - based compensation expenses , fair value change on derivative liabilities related to the redemption right of preferred shares and 1