XPeng reported first-quarter revenue of 13.03 billion yuan, a 17.6% decrease year-over-year. The company also posted a net loss of 1.78 billion yuan for the quarter, a significant increase from the previous year's loss. Vehicle deliveries for the first quarter were down 33.3% to 62,682 units, though XPeng anticipates a rebound in the second quarter with projected deliveries between 100,000 and 106,000 vehicles. AI
RANK_REASON The article reports on financial results and future outlook for an automotive company, not a core AI development.
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