The Guangzhou-based firm’s net loss narrowed by nearly 80 per cent to 380.9 million yuan (US$53.6 million) in the third quarter from 1.81 billion yuan a year earlier, according to a filing to the Hong Kong stock exchange.
“We are in the early stages of rapid expansion in terms of sales volume and market share, with robotaxis and humanoid robots advancing rapidly towards mass production,” said He Xiaopeng, chairman and CEO of Xpeng.
He said he believed Xpeng would evolve into a global embodied AI company. “Centred around physical AI applications, we are developing a comprehensive portfolio of technologies and products, alongside a thriving business ecosystem, thereby creating greater value for customers and shareholders worldwide,” He added.
