Chinese electric vehicle maker Xpeng Motors expects to make a profit in the later part or at the end of 2025, as president Brian Gu believes it is experiencing a “super-cycle” that could continue well into next year thanks to strong demand for its new models. Speaking to Reuters on Wednesday, Gu also said Xpeng has been in discussion with “dozens” of auto players for potential collaboration on intelligent driving technologies, while hoping to expand its technology service partnership with Volkswagen to more areas and outside of China. Xpeng, backed by the German auto giant, said on Tuesday its gross profit margin for its services and other businesses was 60.1% for the third quarter ended Sept. 30, resulting in an overall margin of 15.3%, up from -2.7% a year earlier. Seeing rapidly growing orders for its MONA M03 and P7+ sedans, the company aims to deliver between 87,000 and 91,000 units in the current quarter, an increase of up to 51.3% from the same period last year. [TechNode reporting, Reuters]
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