XPeng Motors｜Gross Profit Margin Increases for Four Consecutive Quarters! 2024 Q2 Financial Report Released

XPeng Motors, August 20, 2024, 18:32

XPeng Motors released its Q2 2024 financial report, announcing a gross profit margin of 14.0%, marking the fourth consecutive quarter of improvement. The company plans to launch several new products over the next few years, starting with the MONA M03 released in August. These efforts are expected to benefit from reduced technology costs and strategic collaboration with Volkswagen.

Source: XPeng Motors (August 20, 2024, 18:32)