In Q2 2024, XPeng Inc reported a substantial revenue increase of 60.2% year-over-year (YoY) to RMB 8.11 billion, largely driven by a robust delivery volume of 30,207 smart electric vehicles, marking a 38% increase quarter-over-quarter (QoQ) and a 30% rise YoY. The company improved its gross profit margin to 14%, a positive shift from a negative margin of 3.9% in Q2 2023. Notable advancements in operational efficiency, strategic partnerships, particularly with Volkswagen, and innovative product launches, such as the MONA M03, have positioned XPeng favorably in the competitive electric vehicle market. The management anticipates continued momentum with guidance reflecting total deliveries forecasted between 41,000 to 45,000 units for Q3 2024, potentially setting new records.