小鵬汽車2023年Q1業(yè)績公告

XPENGReportsFirstQuarter2023UnauditedFinancialResults

5月24,2023

·Cashandcashequivalents,restrictedcash,short-terminvestmentsandtimedepositswereRMB34.12billion(US$4.97billion)asofMarch31,2023

QuarterlytotalrevenueswereRMB4.03billion,a21.5%decreasequarter-over-quarter

·Quarterlygrossmarginwas1.7%,adecreaseof7.0percentagepointsquarter-over-quarter

GUANGZHOU,China--(BUSINESSWIRE)--May24,2023--XPengInc.(“XPENG”orthe“Company,”NYSE:XPEVandHKEX:9868),aleadingChinesesmartelectricvehicle(“SmartEV”)company,todayannounceditsunauditedfinancialresultsforthethreemonthsendedMarch31,2023.

OperationalandFinancialHighlightsfortheThreeMonthsEndedMarch31,2023

2023Q12022Q42022Q32022Q22022Q12021Q4

Totaldeliveries18,23022,20429,57034,42234,56141,751

·Totaldeliveriesofvehicleswere18,230inthefirstquarterof2023,representingadecreaseof17.9%from22,204forthefourthquarterof2022.

·XPENG’sphysicalsalesnetworkcontinuedexpansionwithatotalof425stores,covering145citiesasofMarch31,2023.

·XPENGself-operatedchargingstationnetworkreached1,016stations,including816XPENGself-operatedsuperchargingstationsand200destinationchargingstationsasofMarch31,2023.

·TotalrevenueswereRMB4.03billion(US$0.59billion)forthefirstquarterof2023,representingadecreaseof45.9%fromthesameperiodof2022,andadecreaseof21.5%fromthefourthquarterof2022.

·RevenuesfromvehiclesaleswereRMB3.51billion(US$0.51billion)forthefirstquarterof2023,representingadecreaseof49.8%fromthesameperiodof2022,andadecreaseof24.6%fromthefourthquarterof2022.

·Grossmarginwas1.7%forthefirstquarterof2023,comparedwith12.2%forthesameperiodof2022and8.7%forthefourthquarterof2022.

·Vehiclemargin,whichisgrossprofitorlossofvehiclesalesasapercentageofvehiclesalesrevenue,wasnegative2.5%forthefirstquarterof2023,comparedwith10.4%forthesameperiodof2022and5.7%forthefourthquarterof2022.

·NetlosswasRMB2.34billion(US$0.34billion)forthefirstquarterof2023,comparedwithRMB1.70billionforthesameperiodof2022andRMB2.36billionforthefourthquarterof2022.Excludingshare-basedcompensationexpenses,

non-GAAPnetlosswasRMB2.21billion(US$0.32billion)inthefirstquarterof2023,comparedwithRMB1.53billionforthesameperiodof2022andRMB2.21billionforthefourthquarterof2022.

·NetlossattributabletoordinaryshareholdersofXPENGwasRMB2.34billion(US$0.34billion)forthefirstquarterof2023,comparedwithRMB1.70billionforthesameperiodof2022andRMB2.36billioninthefourthquarterof2022.

Excludingshare-basedcompensationexpenses,non-GAAPnetlossattributabletoordinaryshareholdersofXPENGwasRMB2.21billion(US$0.32billion)forthefirstquarterof2023,comparedwithRMB1.53billionforthesameperiodof2022andRMB2.21billionforthefourthquarterof2022.

·BasicanddilutednetlossperAmericandepositaryshare(ADS)werebothRMB2.71(US$0.40)andbasicanddilutednetlossperordinarysharewerebothRMB1.36(US$0.20)forthefirstquarterof2023.

·Non-GAAPbasicanddilutednetlossperADSwerebothRMB2.57(US$0.37)andnon-GAAPbasicanddilutednetlossperordinarysharewerebothRMB1.28(US$0.19)forthefirstquarterof2023.EachADSrepresentstwoClassAordinaryshares.

Cashandcashequivalents,restrictedcash,short-terminvestmentsandtimedepositswereRMB34.12billion

(US$4.97billion)asofMarch31,2023,comparedwithRMB41.71billionasofMarch31,2022andRMB38.25billionasofDecember31,2022.Timedepositsincluderestrictedshort-termdeposits,short-termdeposits,restrictedlong-term

deposits,currentportionandnon-currentportionoflong-termdeposits.

KeyFinancialResults

(inRMBbillions,exceptforpercentage)

FortheThreeMonthsEnded

%Changei

March31,December31,March31,

202320222022

YoYQoQ

Vehiclesales

Vehiclemargin

3.51

-2.5%

4.66

5.7%

7.00-49.8%-24.6%

10.4%-12.9pts-8.2pts

Totalrevenues4.035.147.45-45.9%-21.5%

Grossprofit0.070.450.91-92.6%-84.9%

Grossmargin1.7%8.7%12.2%-10.5pts-7.0pts

Netloss2.342.361.7037.4%-1.0%

Non-GAAPnetloss2.212.211.5344.8%0.0%

Netlossattributableto

ordinaryshareholders2.342.361.7037.4%-1.0%

Non-GAAPnetloss

attributableto

ordinaryshareholders2.212.211.5344.8%0.0%

Comprehensiveloss

attributableto

ordinaryshareholders2.582.681.8043.5%-3.7%

iExceptforvehiclemarginandgrossmargin,whereabsolutechangesinsteadofpercentagechangesarepresented

ManagementCommentary

“Duringthefirstquarterof2023,Itookactionstomakechangestoourstrategy,organizationalstructureandseniormanagementteamdecisively.IamfullyconfidentintakingourCompanyintoavirtuouscycledrivingproductsalesgrowth,teammorale,customersatisfactionandbrandreputationoverthenextfewquarters,”saidMr.HeXiaopeng,ChairmanandCEOofXPENG.“G6,thefirstproductionmodelbuiltonXPENG’snext-generation

technologyarchitectureSEPA2.0,willbeofficiallylaunchedinJune2023.IbelievetheG6willemergeasoneofthemostpopular,best-sellingmodelsinChina’sNEVSUVmarketsegmentwithpricerangebetweenRMB200,000toRMB300,000.”

“Goingforward,ourtoppriorityremainstoaccelerategrowthinsalesandmarketshare,”saidDr.HongdiBrianGu,HonoraryViceChairmanandCo-PresidentofXPENG.“AstheupcomingG6launchandothernewproductlaunchesfuelrapidsalesgrowth,weexpectourcashflowfrom

operationstoimprovesignificantly.”

RecentDevelopments

DeliveriesinApril2023

Totaldeliverieswere7,079vehiclesinApril2023.

·AsofApril30,2023,year-to-datetotaldeliverieswere25,309vehicles.

XPENGIntroducedNext-GenTechnologyArchitecture—SEPA2.0

OnApril16,2023,XPENGunveileditsnext-generationend-to-endintegratedtechnologyarchitectureSEPA2.0(SmartElectricPlatformArchitecture),whichsetsthefoundationforfutureproductionmodels.SEPA2.0optimizesR&Defficiency,lowerscostandenhancesproductexperience.

UnauditedFinancialResultsfortheThreeMonthsEndedMarch31,2023

TotalrevenueswereRMB4.03billion(US$0.59billion)forthefirstquarterof2023,representingadecreaseof45.9%fromRMB7.45billionforthesameperiodof2022andadecreaseof21.5%fromRMB5.14billionforthefourthquarterof2022.

RevenuesfromvehiclesaleswereRMB3.51billion(US$0.51billion)forthefirstquarterof2023,representingadecreaseof49.8%fromRMB7.00billionforthesameperiodof2022andadecreaseof24.6%fromRMB4.66billionforthefourthquarterof2022.Theyear-over-yearandquarter-over-quarterdecreasesweremainlyattributabletolowervehicledeliveriesanddiscontinuationofnewenergyvehiclesubsidy.

RevenuesfromservicesandotherswereRMB0.52billion(US$0.08billion)forthefirstquarterof2023,representinganincreaseof13.9%from

RMB0.46billionforthesameperiodof2022andanincreaseof8.4%fromRMB0.48billionforthefourthquarterof2022.Theyear-over-yearandquarter-over-quarterincreasesweremainlyattributabletotheincreaseofparts,superchargingserviceandotherservicesales,whichisinlinewithhigheraccumulatedvehiclesales.

CostofsaleswasRMB3.97billion(US$0.58billion)forthefirstquarterof2023,representingadecreaseof39.4%fromRMB6.54billionforthesameperiodof2022andadecreaseof15.5%fromRMB4.70billionforthefourthquarterof2022.Theyear-over-yearandquarter-over-quarterdecreasesweremainlyinlinewithvehicledeliveriesasdescribedabove.

Grossmarginwas1.7%forthefirstquarterof2023,comparedwith12.2%and8.7%forthefirstquarterof2022andthefourthquarterof2022,respectively.

Vehiclemarginwasnegative2.5%forthefirstquarterof2023,comparedwith10.4%forthesameperiodof2022and5.7%forthefourthquarterof2022.Theyear-over-yearandquarter-over-quarterdecreaseswereexplainedbyincreasedsalespromotionsandtheexpiryofnewenergyvehiclesubsidymentionedabove.

ResearchanddevelopmentexpenseswereRMB1.30billion(US$0.19billion)forthefirstquarterof2023,representinganincreaseof6.1%fromRMB1.22billionforthesameperiodof2022andanincreaseof5.3%fromRMB1.23billionforthefourthquarterof2022.Theyear-over-yearandquarter-over-quarterincreasesweremainlyduetohigherexpensesrelatingtothedevelopmentofnewvehiclesmodelstosupportfuturegrowth.

Selling,generalandadministrativeexpenseswereRMB1.39billion(US$0.20billion)forthefirstquarterof2023,representingadecreaseof15.5%fromRMB1.64billionforthesameperiodof2022andadecreaseof21.0%fromRMB1.76billionforthefourthquarterof2022.Theyear-over-year

andquarter-over-quarterdecreasesweremainlyduetothedecreaseofcommissiontothefranchisedstoresandlowermarketingandadvertisingexpenses.

LossfromoperationswasRMB2.59billion(US$0.38billion)forthefirstquarterof2023,comparedwithRMB1.92billionforthesameperiodof2022andRMB2.52billionforthefourthquarterof2022.

Non-GAAPlossfromoperations,whichexcludesshare-basedcompensationexpenses,wasRMB2.46billion(US$0.36billion)forthefirstquarterof2023,comparedwithRMB1.75billionforthesameperiodof2022andRMB2.37billionforthefourthquarterof2022.

NetlosswasRMB2.34billion(US$0.34billion)forthefirstquarterof2023,comparedwithRMB1.70billionforthesameperiodof2022andRMB2.36billionforthefourthquarterof2022.

Non-GAAPnetloss,whichexcludesshare-basedcompensationexpenses,wasRMB2.21billion(US$0.32billion)forthefirstquarterof2023,comparedwithRMB1.53billionforthesameperiodof2022andRMB2.21billionforthefourthquarterof2022.

NetlossattributabletoordinaryshareholdersofXPENGwasRMB2.34billion(US$0.34billion)forthefirstquarterof2023,comparedwithRMB1.70billionforthesameperiodof2022andRMB2.36billionforthefourthquarterof2022.

Non-GAAPnetlossattributabletoordinaryshareholdersofXPENG,whichexcludesshare-basedcompensationexpenses,wasRMB2.21billion(US$0.32billion)forthefirstquarterof2023,comparedwithRMB1.53billionforthesameperiodof2022andRMB2.21billionforthefourthquarterof2022.

BasicanddilutednetlossperADSwerebothRMB2.71(US$0.40)forthefirstquarterof2023,comparedwithRMB2.00forthefirstquarterof2022andRMB2.74forthefourthquarterof2022.

Non-GAAPbasicanddilutednetlossperADSwerebothRMB2.57(US$0.37)forthefirstquarterof2023,comparedwithRMB1.80forthefirstquarterof2022andRMB2.57forthefourthquarterof2022.

BalanceSheets

AsofMarch31,2023,theCompanyhadcashandcashequivalents,restrictedcash,short-terminvestmentsandtimedepositsofRMB34.12billion(US$4.97billion),comparedwithRMB41.71billionasofMarch31,2022andRMB38.25billionasofDecember31,2022.

BusinessOutlook

Forthesecondquarterof2023,theCompanyexpects:

Deliveriesofvehiclestobebetween21,000and22,000,representingayear-over-yeardecreaseofapproximately36.1%to39.0%.

TotalrevenuestobebetweenRMB4.5billionandRMB4.7billion,representingayear-over-yeardecreaseofapproximately36.8%to39.5%.

TheaboveoutlookisbasedonthecurrentmarketconditionsandreflectstheCompany’spreliminaryestimatesofmarketandoperatingconditions,andcustomerdemand,whichareallsubjecttochange.

ConferenceCall

TheCompany’smanagementwillhostanearningsconferencecallat8:00AMU.S.EasternTimeonMay24,2023(8:00PMBeijing/HongKongTimeonMay24,2023).

Forparticipantswhowishtojointhecallbyphone,pleaseaccessthelinkprovidedbelowtocompletethepre-registrationprocessanddialin5minutespriortothescheduledcallstarttime.Uponregistration,eachparticipantwillreceivedial-indetailstojointheconferencecall.

EventTitle:XPENGFirstQuarter2023EarningsConferenceCall

Pre-registrationlink:

/diamondpass/10030387-tfg8sj.html

Additionally,aliveandarchivedwebcastoftheconferencecallwillbeavailableontheCompany’sinvestorrelationswebsiteat

.

AreplayoftheconferencecallwillbeaccessibleapproximatelytwohoursaftertheconclusionofthecalluntilMay31,2023,bydialingthefollowingtelephonenumbers:

UnitedStates:+1-855-883-1031

International:+61-7-3107-6325

HongKong,China:800-930-639

MainlandChina:400-120-9216

ReplayAccessCode:10030387

AboutXPENG

XPENGisaleadingChineseSmartEVcompanythatdesigns,develops,manufactures,andmarketsSmartEVsthatappealtothelargeandgrowingbaseoftechnology-savvymiddle-classconsumers.ItsmissionistodriveSmartEVtransformationwithtechnology,shapingthemobilityexperienceofthefuture.Inordertooptimizeitscustomers’mobilityexperience,XPENGdevelopsin-houseitsfull-stackadvanceddriver-assistancesystem

technologyandin-carintelligentoperatingsystem,aswellascorevehiclesystemsincludingpowertrainandtheelectrical/electronicarchitecture.XPENGisheadquarteredinGuangzhou,China,withmainofficesinBeijing,Shanghai,SiliconValley,SanDiegoandAmsterdam.TheCompany’s

SmartEVsaremainlymanufacturedatitsplantsinZhaoqingandGuangzhou,Guangdongprovince.Formoreinformation,pleasevisit

https://heyXPENG.com.

UseofNon-GAAPFinancialMeasures

TheCompanyusesnon-GAAPmeasures,suchasnon-GAAPlossfromoperations,non-GAAPnetloss,non-GAAPnetlossattributabletoordinaryshareholders,non-GAAPbasiclossperweightedaveragenumberofordinarysharesandnon-GAAPbasiclossperADS,inevaluatingitsoperatingresultsandforfinancialandoperationaldecision-makingpurposes.Byexcludingtheimpactofshare-basedcompensationexpenses,theCompanybelievesthatthenon-GAAPfinancialmeasureshelpidentifyunderlyingtrendsinitsbusinessandenhancetheoverallunderstandingofthe

Company’spastperformanceandfutureprospects.TheCompanyalsobelievesthatthenon-GAAPfinancialmeasuresallowforgreatervisibilitywithrespecttokeymetricsusedbytheCompany’smanagementinitsfinancialandoperationaldecision-making.Thenon-GAAPfinancialmeasuresarenotpresentedinaccordancewithU.S.GAAPandmaybedifferentfromnon-GAAPmethodsofaccountingandreportingusedbyothercompanies.

Thenon-GAAPfinancialmeasureshavelimitationsasanalyticaltoolsandwhenassessingtheCompany’soperatingperformance,investorsshould

notconsidertheminisolation,orasasubstitutefornetlossorotherconsolidatedstatementsofcomprehensivelossdatapreparedinaccordancewithU.S.GAAP.TheCompanyencouragesinvestorsandotherstoreviewitsfinancialinformationinitsentiretyandnotrelyonasinglefinancialmeasure.

TheCompanymitigatestheselimitationsbyreconcilingthenon-GAAPfinancialmeasurestothemostcomparableU.S.GAAPperformancemeasures,allofwhichshouldbeconsideredwhenevaluatingtheCompany’sperformance.

Formoreinformationonthenon-GAAPfinancialmeasures,pleaseseethetablecaptioned“UnauditedReconciliationsofGAAPandnon-GAAPResults”setforthinthisannouncement.

ExchangeRateInformation

ThisannouncementcontainstranslationsofcertainRMBamountsintoU.S.dollarsataspecifiedratesolelyfortheconvenienceofthereader.Unlessotherwisenoted,alltranslationsfromRMBtoU.S.dollarsandfromU.S.dollarstoRMBaremadeatarateofRMB6.8676toUS$1.00,theexchangerateonMarch31,2023,setforthintheH.10statisticalreleaseoftheFederalReserveBoard.TheCompanymakesnorepresentationthattheRMBorU.S.dollarsamountsreferredcouldbeconvertedintoU.S.dollarsorRMB,asthecasemaybe,atanyparticularrateoratall.

SafeHarborStatement

Thisannouncementcontainsforward-lookingstatements.Thesestatementsaremadeunderthe“safeharbor”provisionsoftheUnitedStatesPrivateSecuritiesLitigationReformActof1995.Theseforward-lookingstatementscanbeidentifiedbyterminologysuchas“will,”“expects,”“anticipates,”

“future,”“intends,”“plans,”“believes,”“estimates”andsimilarstatements.Statementsthatarenothistoricalfacts,includingstatementsaboutXPENG’sbeliefsandexpectations,areforward-lookingstatements.Forward-lookingstatementsinvolveinherentrisksanduncertainties.Anumberoffactorscouldcauseactualresultstodiffermateriallyfromthosecontainedinanyforward-lookingstatement,includingbutnotlimitedtothefollowing:

XPENG’sgoalandstrategies;XPENG’sexpansionplans;XPENG’sfuturebusinessdevelopment,financialconditionandresultsofoperations;thetrendsin,andsizeof,China’sEVmarket;XPENG’sexpectationsregardingdemandfor,andmarketacceptanceof,itsproductsandservices;

XPENG’sexpectationsregardingitsrelationshipswithcustomers,contractmanufacturer,suppliers,third-partyserviceproviders,strategicpartners

andotherstakeholders;generaleconomicandbusinessconditions;andassumptionsunderlyingorrelatedtoanyoftheforegoing.FurtherinformationregardingtheseandotherrisksisincludedinXPENG’sfilingswiththeUnitedStatesSecuritiesandExchangeCommission.Allinformationprovidedinthisannouncementisasofthedateofthisannouncement,andXPENGdoesnotundertakeanyobligationtoupdateanyforward-lookingstatement,exceptasrequiredunderapplicablelaw.

XPENGINC.

UNAUDITEDCONDENSEDCONSOLIDATEDBALANCESHEETS

(Allamountsinthousands,exceptforADS/ordinaryshareandperADS/ordinarysharedata)

December31,March31,March31,

2022

2023

2023

RMB

RMB

US$

ASSETS

Currentassets

Cashandcashequivalents

Restrictedcash

14,607,774

106,272

8,826,0561,285,173

312,43745,494

Short-termdeposits

Restrictedshort-termdeposits

Short-terminvestments

14,921,68813,279,4981,933,645

-1,010,000147,067

1,262,1291,598,566232,769

Long-termdeposits,currentportion427,466970,681141,342

Accountsandnotesreceivable,net3,872,8463,743,425545,085

Installmentpaymentreceivables,net,currentportion1,294,6651,413,029205,753

Inventory4,521,3734,324,646629,717

Amountsduefromrelatedparties47,12433,8064,923

Prepaymentsandothercurrentassets2,466,0842,547,619370,962

Totalcurrentassets43,527,42138,059,7635,541,930

Non-currentassets

Long-termdeposits

6,926,4507,570,857

1,102,402

Restrictedlong-termdeposits

-550,000

80,086

Property,plantandequipment,net

10,606,74510,880,076

1,584,262

Right-of-useassets,net

1,954,6181,916,406

279,050

Intangibleassets,net

1,042,9721,115,110

162,373

Landuserights,net

2,747,8542,735,807

398,364

Installmentpaymentreceivables,net

Long-terminvestments

Othernon-currentassets

Totalnon-currentassets

Totalassets

2,188,643

2,295,032

201,271

2,187,485

2,276,929

166,602

318,522

331,547

24,259

27,963,58529,399,272

4,280,865

71,491,00667,459,035

9,822,795

XPENGINC.

UNAUDITEDCONDENSEDCONSOLIDATEDBALANCESHEETS(CONTINUED)

(Allamountsinthousands,exceptforADS/ordinaryshareandperADS/ordinarysharedata)

December31,2022

RMB

March31,2023

RMB

March31,

2023

US$

LIABILITIES

Currentliabilities

Short-termborrowings

Accountsandnotespayable

Amountduetorelatedparties

Operatingleaseliabilities,currentportion

Financeleaseliabilities,currentportionDeferredrevenue,currentportion

Long-termborrowings,currentportionAccrualsandotherliabilities

Incometaxespayable

Totalcurrentliabilities

Non-currentliabilities

Long-termborrowings

Operatingleaseliabilities

Financeleaseliabilities

Deferredrevenue

Othernon-currentliabilities

Totalnon-currentliabilities

Totalliabilities

SHAREHOLDERS’EQUITY

ClassAOrdinaryshares

ClassBOrdinaryshares

Additionalpaidincapital

Statutoryreserves

Accumulateddeficit

Accumulatedothercomprehensiveincome

Totalshareholders'equity

Totalliabilitiesandshareholders’equity

2,419,210

14,222,856

91,111

490,811

128,279

389,243

761,859

5,583,829

27,655

24,114,853

4,613,057

1,854,576

797,743

694,006

2,506,106

10,465,488

34,580,341

92 2160,691,019 6,425(25,330,916)

1,544,024

36,910,665

71,491,006

3,609,210

11,448,089

29,765

480,955

99,054

414,483

689,178

5,837,433

24,174

22,632,341

5,112,882

1,825,683

792,932

697,122

1,943,683

10,372,302

33,004,643

92 2160,815,657 6,425(27,667,874)

1,300,071

34,454,392

67,459,035

525,542

1,666,971

4,334

70,032

14,423

60,353

100,352

849,996

3,520

3,295,523

744,493

265,840

115,460

101,509

283,022

1,510,324

4,805,847

13

3

8,855,445

936

(4,028,754)

189,305

5,016,948

9,822,795

XPENGINC.

UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVELOSS

(Allamountsinthousands,exceptforADS/ordinaryshareandperADS/ordinarysharedata)

ThreeMonthsEnded

March31,December31,March31,March31,

2022

2022

2023

2023

RMB

RMB

RMB

US$

Revenues

Vehiclesales6,998,8154,661,1823,513,767511,644

Servicesandothers456,123479,167519,65375,667

Totalrevenues7,454,9385,140,3494,033,420587,311

Costofsales

Vehiclesales(6,271,499)(4,397,201)(3,600,529)(524,278)

Servicesandothers(272,710)(298,084)(365,859)(53,273)

Totalcostofsales(6,544,209)(4,695,285)(3,966,388)(577,551)

Grossprofit910,729445,06467,0329,760

Operatingexpenses

Researchanddevelopmentexpenses

Selling,generalandadministrativeexpenses

Totaloperatingexpenses

(1,221,278)(1,230,049)(1,295,854)(188,691)

(1,641,575)(1,755,815)(1,386,620)(201,908)

(2,862,853)(2,985,864)(2,682,474)(390,599)

Otherincome,net31,65923,35730,0654,378

Lossfromoperations(1,920,465)(2,517,443)(2,585,377)(376,461)

Interestincome

227,944

273,367

299,741

43,646

Interestexpense

(19,834)

(51,079)

(62,667)

(9,125)

Fairvalue(loss)gainonderivativeassetsor

derivativeliabilities

(18,249)

1,398

-

-

Fairvalue(loss)gainonlong-term

investments

(17,249)

(102,798)

8,440

1,229

Exchangegain(loss)fromforeigncurrency

transactions

46,405

(17,454)

2,083

303

Othernon-operatingincome,net

3,10537,7616,002874

Lossbeforeincometaxexpensesand

shareofresultsofequitymethodinvestees

(1,698,343)(2,376,248)(2,331,778)(339,534)

Incometax(expenses)benefit(2,424)10,445(6,157)(897)

Shareofresultsofequitymethodinvestees-4,628977142

Netloss

Netlossattributabletoordinary

shareholdersofXPengInc.

(1,700,767)(2,361,175)(2,336,958)(340,289)

(1,700,767)(2,361,175)(2,336,958)(340,289)

XPENGINC.

UNAUDITEDCONDENSEDCONSOLIDATEDSTATEMENTSOFCOMPREHENSIVELOSS(CONTINUED)

(Allamountsinthousands,exceptforADS/ordinaryshareandperADS/ordinarysharedata)

ThreeMonthsEnded

March31,December31,

March31,

March31,

20222022

2023

2023

RMBRMBRMBUS$

Netloss(1,700,767)(2,361,175)(2,336,958)(340,289)

Othercomprehensiveloss

Foreigncurrencytranslationadjustment,

netofniltax(98,312)(318,072)(243,953)(35,522)

Totalcomprehensiveloss

attributabletoXPengInc.(1,799,079)(2,679,247)(2,580,911)(375,811)

Comprehensivelossattributableto

ordinaryshareholdersofXPengInc.

Weightedaveragenumberofordinary

sharesusedincomputingnetlossperordinaryshare

Basicanddiluted

Netlossperordinaryshareattributabletoordinaryshareholders

Basicanddiluted

(1,799,079)(2,679,247)(2,580,911)(375,811)

1,702,708,3111,720,448,8111,722,080,4531,722,080,453

(1.00)(1.37)(1.36)