Financial PerformanceNet loss narrowed significantly with net margin improved to -4.2%, and net cash position enhanced to RMB 33.3bn, indicating positive cash generation.
Product InnovationXpeng launched MONA M03 Max that supports high-end ADAS with a price segment advantage, which is expected to boost monthly sales from 14k to 17k-18k units.
Technology AdvantageXPeng's self-developed Turing chips have the computing power of 3-7x that of its peers, allowing for BoM cost savings and superior AD & smart cockpit.