Company Financial Statements (Parent Company Only) (Tables)

12 Months Ended

Dec. 31, 2024

Text Block [Abstract]

Condensed Balance Sheets

Condensed Balance Sheets	As of December 31,
	2023		2024
ASSETS
Current assets
Cash and cash equivalents		5,187,597		1,651,285
Short-term deposits		7,906,283		11,938,371
Long-term deposits, current portion		1,852,070		—
Prepayments and other current assets		46,685		15,502
Total current assets		14,992,635		13,605,158
Non-current assets
Investments in subsidiaries and VIEs		21,126,723		17,114,366
Long-term investments		618,629		724,548
Total non-current assets		21,745,352		17,838,914
Total assets		36,737,987		31,444,072

Condensed Balance Sheets (continued)	As of December 31,
	2023			2024
LIABILITIES
Current liabilities
Accruals and other liabilities		15,987			1,344
Total current liabilities		15,987			1,344
Non-current liabilities
Derivative liability		393,473			167,940
Total non-current liabilities		393,473			167,940
Total liabilities		409,460			169,284
SHAREHOLDERS’ EQUITY
Class A Ordinary shares		103			104
Class B Ordinary shares		21			21
Additional paid-in capital		70,198,031			70,671,685
Statutory and other reserves		60,035			95,019
Accumulated deficit		(35,760,301	)		(41,585,549	)
Accumulated other comprehensive income		1,830,638			2,093,508
Total shareholders’ equity		36,328,527			31,274,788
Total liabilities and shareholders’ equity		36,737,987			31,444,072

Condensed Statements of Comprehensive Loss

Condensed Statements of Comprehensive Loss	For the Year Ended December 31,
	2022			2023			2024
Operating expenses
Selling, general and administrative expenses		(22,896	)		(28,511	)		(16,706	)
Total operating expenses		(22,896	)		(28,511	)		(16,706	)
Fair value gain on derivative liability relating to the contingent consideration		—			29,339			234,245
(Loss) gain from operations		(22,896	)		828			217,539
Interest income		314,668			601,475			783,148
Equity in loss of subsidiaries and VIEs		(7,074,057	)		(10,165,831	)		(6,376,372	)
Other non-operating income, net		35,867			17,718			88,592
Exchange loss from foreign currency transactions		(2,380,873	)		(473,467	)		(455,608	)
Investment loss on long-term investments		(75,155	)		(821	)		(18,489	)
Fair value gain (loss) on derivative assets or derivative liabilities		59,357			(410,417	)		—
Loss before income tax expenses and share of results of equity method investees		(9,143,089	)		(10,430,515	)		(5,761,190	)
Income tax expenses		—			—			(5	)
Share of results of equity method investees		4,117			54,740			(29,069	)
Net loss		(9,138,972	)		(10,375,775	)		(5,790,264	)
Net loss attributable to ordinary shareholders of XPeng Inc.		(9,138,972	)		(10,375,775	)		(5,790,264	)
Net loss		(9,138,972	)		(10,375,775	)		(5,790,264	)
Other comprehensive income
Foreign currency translation adjustment, net of tax		3,192,573			286,614			262,870
Total comprehensive loss attributable to XPeng Inc.		(5,946,399	)		(10,089,161	)		(5,527,394	)
Comprehensive loss attributable to ordinary shareholders of XPeng Inc.		(5,946,399	)		(10,089,161	)		(5,527,394	)

Consolidated Statements of Cash Flows

Condensed Statements of Cash Flows	For the Year Ended December 31,
	2022			2023			2024
Cash flows from operating activities		175,195			520,066			683,003
Cash flows from investing activities
Maturity (placement) of term deposits		3,099,780			4,164,149			(1,961,056	)
Investment in equity investees		(6,934,426	)		(5,306,987	)		(2,257,875	)
Cash paid for long-term investments		(409,363	)		(188,681	)		(144,192	)
Maturities of derivative assets or derivative liabilities		10,752			—			—
Net cash used in investing activities		(4,233,257	)		(1,331,519	)		(4,363,123	)
Cash flows from financing activities
Payments of listing expenses		(1,830	)		—			—
Proceeds from issuance of ordinary shares to Volkswagen		—			5,019,599			—
Net cash provided by (used in) financing activities		(1,830	)		5,019,599			—
Effects of exchange rate changes on cash, cash equivalents and restricted cash		500,454			27,795			143,808
Net (decrease) increase in cash, cash equivalents and restricted cash		(3,559,438	)		4,235,941			(3,536,312	)
Cash, cash equivalents and restricted cash at beginning of the year		4,511,094			951,656			5,187,597
Cash, cash equivalents and restricted cash at end of the year		951,656			5,187,597			1,651,285