XPeng Inc. (XPEV) reported remarkable growth in Q4 2023, posting a revenue of RMB 13.05 billion, marking a 153.9% year-over-year (YoY) increase and a 53% sequential increase. This surge in sales was propelled by a robust delivery volume of over 60,000 units in Q4 alone, a tremendous 171% increase YoY, as the company launched new models such as the G6 and G9. Despite challenges in gross margin and operational losses, management expressed confidence in their strategic shifts, enhanced operational efficiencies, and an upcoming strong product pipeline for 2024, positioning XPeng to potentially navigate the intensifying competition in the EV space.