Deutsche Bank's Edison Yu's team expects Xpeng to record revenue of RMB 5.63 billion in the third quarter.

(Graphic by CnEVPost)

Xpeng Motors will report unaudited third-quarter financial results on Tuesday, November 23, before the US stock market opens, the company said today.

Xpeng previously released figures showing it delivered 25,666 vehicles in the third quarter, up 48 percent from the second quarter and 199 percent from the same period last year, with single-quarter deliveries close to all of last year.

In a research note sent to investors late last month, Deutsche Bank's Edison Yu's team said they expect Xpeng to record revenue of RMB 5.63 billion in the third quarter, higher than market expectations of RMB 5.04 billion at the time.

Yu's team expects Xpeng to post a gross margin of 13.7 percent in the third quarter, with a vehicle margin of 13.0 percent.

Xpeng's gross margin in the second quarter was 11.9 percent, up from 11.2 percent in the first quarter. It had a vehicle gross margin of 11.0 percent in the second quarter, up from 10.1 percent in the first quarter.

Yu's team expects Xpeng to report EPS of RMB -1.86 in the third quarter, worse than the then market consensus of RMB -1.17, due to higher SG&A.

The team expects Xpeng's management's guidance for Q4 deliveries to likely be in the 35,000-40,000 range, and is on track to reach its target of 15,000 units delivered in a single month in December.

Xpeng's management will host an earnings conference call at 8:00 am US Eastern Time on November 23, 2021 (9:00 pm Beijing/Hong Kong time on November 23, 2021).

Dial-in details for the earnings conference call are as follows:

United States: +1-833-654-9168

United Kingdom: +44-208-602-0818

International: +1-209-313-0576

Hong Kong, China: +852-5808-6567

Chinese mainland: 400-682-8629

Conference ID: 2381058

Participants please dial-in 5 minutes prior to the scheduled start time to be connected to the call.

Additionally, a live and archived webcast of the conference call will be available on the company's investor relations website at http://ir.xiaopeng.com.

A replay of the conference call will be accessible approximately two hours after the conclusion of the call until December 3, 2021, by dialing the following telephone numbers:

United States: +1-855-859-2056

International: +1-404-537-3406

Replay Access Code: 2381058