XPeng Motors' founder, He Xiaopeng, anticipates that the company will attain profitability by the fourth quarter of 2025. In a move to diversify its portfolio and underscore its ambitions, XPeng is renaming the group. Beyond its core automotive operations, the company is venturing into flying cars and humanoid robots, with aspirations to commence mass production of these innovative products next year. Last year, XPeng reported a total revenue of 40.87 billion yuan, marking a 33.2% increase year-on-year, alongside a narrowed net loss of 5.79 billion yuan. The robust growth in revenue from its core automotive business was primarily fueled by heightened sales of popular models, such as the MONA M03. Additionally, service and other revenues surged by 89.0%, primarily attributed to technological collaborations with Volkswagen. However, to meet its profitability goal, XPeng faces an urgent need to address its insufficient production capacity, which is crucial for supporting the impending launch of multiple new models in the future.
