On March 19th, Xiaopeng Motors released its financial report for the fourth quarter of 2023. Its total revenue in the fourth quarter was RMB 13.05 billion (USD 1.84 billion), an increase of 154% compared to the same period in 2022, with a gross profit margin of 6.2%. The gross profit margin of automobiles (i.e. the percentage of gross profit from automobile sales to automobile sales revenue) was 4.1%. Meanwhile, the company's net loss was 1.35 billion yuan, a year-on-year decrease of 42.9%.