XPENG(XPEV) - 2023 Q1 - Quarterly Report

Exhibit 99.1 LOGO XPENG Reports First Quarter 2023 Unaudited Financial Results • Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB34.12 billion (US$4.97 billion) as of March 31, 2023 • Quarterly total revenues were RMB4.03 billion, a 21.5% decrease quarter-over-quarter • Quarterly gross margin was 1.7%, a decrease of 7.0 percentage points quarter-over-quarter GUANGZHOU, China — (BUSINESS WIRE) — May 24, 2023 — XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and H ...