Xpeng delivered 40,008 vehicles in Q3, within guidance range, with new SUV G6 contributing 48.6 percent.

The decline in gross margin was due to inventory write-downs and inventory purchase commitment losses related to the G3i, which negatively impacted vehicle margins by 4.5 percentage points in the second quarter, according to its earnings release.

"With the G6 and other new products accelerating sales growth, we expect gross margin to gradually recover while operating efficiency continues to improve and free cash flow to substantially improve," said Brian Gu, Xpeng's vice chairman and co-president, in its August 18 second-quarter earnings release.

Xpeng launched the G6 in China on June 29, with volume deliveries beginning on July 10.

The G6 delivered 19,437 units in the third quarter, contributing 48.6 percent of Xpeng's deliveries in the quarter, data monitored by CnEVPost showed.

For those who wish to participate in the Xpeng earnings call, they need to visit the link provided below to complete pre-registration.

Pre-registration link: https://s1.c-conf.com/diamondpass/10034271-dqxo0v.html

A replay of the conference call will be available about one hour after the call ends through November 22, 2023 by dialing the following telephone number:

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Xpeng Q2 earnings: Revenue rebounds, gross margin falls to negative, loss hits record