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Xiaopeng Motor released its latest financial report on May 13, showing that revenue in the first quarter of 2021 was 2.951 billion yuan, of which 2.81 billion yuan was from car sales. Gross profit margin rose to 11.2% from 7.4% in the fourth quarter of last year, but Xiaopeng is still losing money, with a net loss of 790 million yuan in the first quarter. It should be noted that Xiaopeng Motor included the income of XPILOT software for the first time in the car sales revenue in the first quarter, although it was only 80 million yuan, but for Xiaopeng Motor, which has been in a loss, XPILOT software will become an important part of Xiaopeng Automobile to achieve profits in the future.

As of March 31, Xiaopeng Motor had cash, cash equivalents, restricted funds, short-term deposits, short-term investments and long-term deposits totaling 36.2 billion yuan.

According to the financial report, Xiaopeng delivered a total of 13340 vehicles in the first quarter of this year, including 5366 G3 and 7974 P7. Compared with the 20060 Wei Lai and the ideal 12579, Xiaopeng is still in the first echelon position. Xiaopeng CEO he Xiaopeng said that despite the impact of traditional off-season sales and chip shortages in the first quarter, car delivery still hit an all-time high. Xiaopeng expects to deliver 15500 to 16000 vehicles in the second quarter of this year, with a total revenue of 3.4 billion yuan to 3.5 billion yuan.

On April 14, Xiaopeng released its third production car, the Xiaopeng P5, which is scheduled to be delivered in the fourth quarter of this year. Xiaopeng car P5 positioning compact pure electric car, from the appearance, although the main visual continuation of the Xiaopeng P7 design style, but including headlights, front enclosure and other details are using a new design, but also the use of active intake grille.

In the interior layout, Xiaopeng P5 does not continue the integrated screen design of Xiaopeng P7, but uses a suspended vertical central control display screen, the overall shape is more like Xiaopeng G3. In addition, similar to the Xiaopeng G3, the vehicle also uses a camera to detect driver fatigue on the driver's side A-pillar.

Auxiliary driving is the biggest highlight of the new car. The Xiaopeng P5 is the world's first mass-produced lidar smart car, and the dual lidar combination provides a 150 °ultra-wide point cloud view in front of the vehicle to solve China's complex road conditions, officials said. it can realize automatic navigation to assist driving under some urban road conditions.

In April, Xiaopeng Motors made a lot of movements. in addition to releasing new cars, Xiaopeng signed an agreement with Wuhan on April 8 to build Xiaopeng Automobile Intelligent Network Automobile Intelligence Base (referred to as Wuhan Intelligent Manufacturing Base for short). The project will build vehicle and powertrain factories and R & D facilities, with a planned production capacity of 100000 vehicles. On April 15, Xiaopeng reached a memorandum of understanding with Zhongsheng Group to establish a long-term strategic partnership to provide industry-leading smart electric vehicle products and quality services to consumers to further promote China's transformation to smart electric vehicles.

Although the performance of the first quarter financial results is more eye-catching, all big data achieved growth, but Xiaopeng's performance in the secondary market is not very optimistic. After the announcement of the results, Xiaopeng Motor shares opened high and left low. As of that day, US stocks closed down 4.85% at 23.56 US dollars per share. Xiaopeng Motor fell from 36.95 US dollars per share on April 1 to 23.56 US dollars per share on May 13, a drop of 36.24 per cent, approaching the breaking price of 15 US dollars.

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