XPeng Eyes Profitability, Following 65% Surge in GX SUV Deliveries

XPeng will report its second-quarter earnings on August 24.

Vehicle deliveries reached 103,295 units in the second quarter. This represents a 65% sequential increase. The new GX flagship SUV drove the delivery growth.

Analysts forecast a loss of $0.0596 per share. The market expects quarterly revenues to reach $3.02 billion.

Gross margins reached 20.6% in the first quarter. Investors are monitoring if XPeng can sustain these margins despite intense price competition in China.