XPeng Reports First Quarter 2021 Unaudited Financial Results

Basic and diluted net loss per American depositary share (ADS) were both RMB0.99 (US$0.15) for the first quarter of 2021. Non-GAAP basic and diluted net loss per ADS were both RMB0.88 (US$0.13) for the first quarter of 2021. were both RMB0.99 (US$0.15) for the first quarter of 2021. were both RMB0.88 (US$0.13) for the first quarter of 2021. Gross margin was 11.2% for the first quarter of 2021, compared to negative 4.8% and 7.4% for the first quarter of 2020 and the fourth quarter of 2020, respectively. Use of Non-GAAP Financial MeasuresThe Company uses non-GAAP measures, such as non-GAAP loss from operations, non-GAAP net loss, non-GAAP net loss attributable to ordinary shareholders, non-GAAP basic loss per weighted average number of ordinary shares and non-GAAP basic loss per ADS, in evaluating its operating results and for financial and operational decision-making purposes.