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Branchenguide
Xpeng aims to become profitable by the end of 2025
Xpeng is on a roll: The P7+ and the Mona 03 are very well received in China and the numbers are improving. Additionally, the Chinese government is further supporting the transition to e-mobility with funding programs: The exchange of old cars is subsidized with up to 2660 euros.
Xpeng plans to launch four more models by 2025 and expand its business outside of China, but not in North America, due to the 100 percent tariffs in the USA and Canada. In Europe, tariffs of more than 20 percent are driving up costs.
In addition, technological cooperations are being further advanced, including with Volkswagen. Interestingly, in the third quarter of 2024, revenue in the technology services sector doubled compared to the previous year. This sector is now expected to contribute more than 12 percent to total revenue. Gu was optimistic that the partnership with Volkswagen could be further expanded, both in China and internationally.
In addition, XPeng is planning further joint projects with other players in the automotive industry in the area of autonomous driving, which is why significant investments are being made in the development of driver assistance systems. These are based on XPeng's own AI models. In China, the introduction of such a system for autonomous driving is scheduled to begin in the first quarter of 2025. In the last twelve months alone, XPeng is said to have invested about 3.5 billion yuan (459 million euros) in this area. It is noteworthy that these expenditures are expected to continue rising in 2025 and make up a large part of the budget for research and development.
What does this mean?
XPeng is currently on a roll: the products are fitting well, and they have a few aces up their sleeve on the development side. For starting relatively late, they are on track to reach profitability quickly by 2025.
Translated automatically from German.
Branchenguide
Elektromobilität , Newsletter Elektromobilität , IAA Mobility , SUVs und Geländewagen , Hybrid , Antriebsarten, Kraftstoffe und Emissionen , Oberklasse- und Sportwagen , Carsharing , Autonomes Fahren (Straßenverkehr) , Ladeinfrastruktur , Verkehrspolitik , Formel E , Brennstoffzellen , Fahrzeug-Vernetzung und -Kommunikation , Fahrzeuge & Fuhrpark , Automotive-Messen & Veranstaltungen , Pkw, Kompakt- und Mittelklasse , Minis und Kleinwagen , E-Auto-Datenbank, E-Mobilität-/Automotive-Newsletter, E-Auto-Tests
