XPeng Q1 Earnings: Record 20.6% Gross Margin, 42.09B Yuan Cash Reserve

XPeng's Q1 2026 financial report shows gross margin reaching 20.6%, an all-time high. Quarterly deliveries totaled 62,682 units, with cash reserves growing to 42.09 billion yuan. Revenue for the quarter reached 15.81 billion yuan, up 62.8% year-over-year. This marks the third consecutive quarter of gross margin improvement.