London, August 21, 2025, (Oilandgaspress) –––India-China talks are reportedly going very well as both countries have agreed to drop trade restrictions and keep improving diplomatic relations, Several agreements on bilateral trade, investment, diplomatic coordination, religious pilgrimages, border and visa issues, and river data sharing were made among the sides. Both sides believe that a stable, cooperative, and forward-looking China-India relationship will help fully unleash the development potential of both sides and serve the common interests of both sides. Both sides further agreed to earnestly implement the important consensus reached by the leaders of the two countries and promote the continued healthy and stable development of China-India relations. Read More
Barchart is proud to announce that its Marketplace Apps, a powerful mobile app solution within its suite of grain workflow services for agribusinesses, have been named Overall AgTech Solution of the Year at the 2025 AgTech Breakthrough Awards, marking their fourth consecutive win in this highly competitive category.
Marketplace Apps serve as the digital bridge between agribusinesses and their growers, connecting every stage of the merchandising process in one intuitive platform, from price discovery and grower communications to offer management, contracting and hedging. Alongside Marketplace Apps, producerView, Barchart’s CRM for grain merchandisers and originators, integrates with cmdtyView, Marketplace Apps and key grain accounting and ERP systems. These connected workflows give agribusinesses the tools they need to manage producer relationships and grain procurement efficiently. Read More
Volvo Trucks has taken order for 264 VNL trucks from US based, Averitt Express,.The deal marks one of the largest single orders for the new flagship model in North America to date. The Volvo VNL 860s will join Averitt’s fleet of more than 4,600 vehicles, over half of which are Volvo trucks. The investment reflects a growing trend among major carriers in North America to accelerate fleet upgrades that improve fuel economy, lower operating costs, and provide premium driver amenities to attract and retain top talent. The all-new Volvo VNL for long-haul was engineered for optimal fuel efficiency, delivering up to a 10 percent improvement over the previous model through advanced aerodynamics and powertrain refinements. The truck features hundreds of new enhancements to drive productivity, safety, profitability, and sustainability for trucking companies, while transforming the driver experience with noticeable design enhancements that make life on the road easier and better. . Read More
Eni Congo announces progress on a major project to refurbish and improve the high-voltage (HV) power transmission network linking Pointe-Noire and Brazzaville, a pillar initiative to strengthen the long-term reliability and performance of the country’s energy infrastructure. This strategic project will lead to the maintenance of 9 key substations and the overhead high-voltage power line. The project is part of a broader vision for energy development, supported by the performance of the Centrale Électrique du Congo (CEC), which currently supplies more than 70% of the country’s electricity through 3 gas turbines, with a reliability rate exceeding 98%. Powered by domestic gas, CEC is a model of low-carbon, high-efficiency energy generation.
With this initiative, Eni Congo reaffirms its commitment to supporting the country’s energy transition, while strengthening the foundations for a sustainable and inclusive growth, where energy is a driver of opportunity and a source of national development. Read More
A 2006 Range Rover once used by Queen Elizabeth is going up for sale through British auction house Iconic Auctioneers, and it’s expected to fetch up to £70,000. The supercharged L322 model was in the late Queen’s personal use between 2006 and 2008, and while its nearly 120,000 miles might deter the average buyer, its royal provenance (and palace-approved modifications) make it anything but ordinary.
According to the auction house, the car comes fitted with custom side steps and grab handles that eased the monarch’s entry and exit, as well as a dog guard installed for her corgis. The Range Rover also has a custom hood ornament featuring a Labrador with a bird in its mouth—the ultimate British country accessory. Read More
Trump’s Environmental Protection Agency is seeking to end current limits on greenhouse gas pollution from vehicle tailpipes, power plants, smokestacks, and other sources. Now, various attorneys general are urging Trump’s administration to abandon that plan.
California Attorney General Rob Bonta said the proposal is unlawful and “relies on a draft, unvetted, scientifically unsound report from the Department of Energy to attempt to override the abundant and growing science supporting its endangerment finding and motor vehicle GHG emissions standards for over 15 years.”
Arizona Attorney General Chris Mayes said: “The EPA is obligated to consider the cost of climate change by using rigorous, peer-reviewed methods. Instead, the EPA is proposing to bury its head in the sand and ignore the mounting costs of climate change for all Americans.”
Massachusetts Attorney General Andrea Campbell called the EPA proposal deeply flawed, and said it seeks to eliminate “all motor vehicle greenhouse gas emission standards in one fell swoop.” . Read More
Chevron Returns to Iraq with Oil Exploration Agreement The agreement covers the Nasiriyah Project, consisting of four exploration blocks, the development of the Balad oil field, and other producing fields and exploration areas. Read More
A critical energy agreement designed to supply Iraq with much-needed natural gas from Turkmenistan has been indefinitely stalled, caught in the geopolitical crossfire of United States sanctions against Iran, according to several energy and parliamentary sources.
The deal, which promised to deliver gas sufficient to generate over two thousand megawatts of electricity for Iraq’s beleaguered power grid, now awaits an unlikely approval from the U.S. Treasury Department, as the only viable transit route for the gas runs directly through Iranian territory, a key factor that has brought negotiations to a grinding halt.
The ambitious plan, which has been the subject of negotiations for several years, is now mired in a diplomatic and logistical impasse.
According to a source from the Oil and Gas Committee in the Iraqi Parliament who spoke exclusively to Kurdistan24, the primary obstacle to implementing the agreement is the United States. The geographical reality is that a direct pipeline from Turkmenistan to Iraq is unfeasible due to the long distance and prohibitive costs. . Read More .
Turkey’s Minister of Energy and Natural Resources, Alparslan Bayraktar, has said that Ankara has proposed a new draft agreement to Iraq regarding the Iraq-Turkiye Oil Pipeline (ITP).
In an interview with Sky News Arabia, Bayraktar noted that while the pipeline has a capacity of 1.5 million barrels per day, it has never been utilised at full capacity during its 50 years of operation. He explained that the existing agreement no longer meets current expectations or the needs of the global energy sector.
Bayraktar confirmed that Iraq is currently reviewing the proposed draft and expressed hope that technical teams from both sides will soon meet to begin negotiations on a new framework. Read More
The International Energy Agency (IEA) and the Ministry of Energy and Green Transition of Ghana are pleased to announce that next edition of the Africa Energy Efficiency Policy Training Week, will take place in person in Accra, Ghana from 20-23 October 2025 The Training Week consists of 5 parallel courses, each offering a combination of lectures, interactive discussions and practical exercises that allow participants to learn from international best practice and from each other.
Buildings: Covers building design, technologies, policies, and investment strategies to achieve net-zero emissions.
Appliances & Equipment: Prepares participants to advance appliance energy efficiency policies, covering regulatory design, information dissemination, and incentives to increase appliance standards.
Industry: Focuses on energy efficiency in various industry sectors through energy audits, management systems, public reporting, and innovative financing.
Transport: Explores improving vehicle energy efficiency, including electrification, regulation of vehicle imports, and policy package development.
Indicators & Evaluation: Equips participants with tools to use data and evidence for energy efficiency policymaking, including monitoring implementation and impact, and developing national energy efficiency indicators. . Read More
Kent has signed a binding agreement to acquire Exceed (XCD) Holdings Limited, a world-class provider of well management, sub surface and decommissioning engineering services. This transformational acquisition marks Kent’s strategic expansion in the fast-growing global decommissioning market, delivering on its aim to become a full-service partner across the energy lifecycle, including late-life operations through to the safe and successful decommissioning of customer assets.
Exceed, headquartered in Aberdeen and with operations spanning over 40 countries, brings two decades of experience in delivering complex offshore well projects, with over 70 wells drilled and more than 150 decommissioned to date. The company is one of only three licensed UK Well Operators and is widely recognised for its deep technical expertise and a strong client base that includes both leading international, national and independent energy organisations.
Strengthening Global Capabilities in a Rapidly Evolving Market
This acquisition positions Kent at the forefront of a market set to double in size over the next decade, with global offshore decommissioning spend expected to rise from $8 billion to $16 billion per year by 2035. Exceed’s proven delivery model and outstanding track record will combine with Kent’s global platform and project execution strength to meet growing demand for safe, compliant and cost-effective end-of-life solutions for oil and gas infrastructure. Read More
Kent has been awarded a new technical advisory services contract by the Australian Government to support the permanent plugging and abandonment of the Laminaria-Corallina oil fields in the Timor Sea. The contract also includes advisory services for the safe removal of associated subsea infrastructure.
Building on its existing work on the Northern Endeavour Floating Production Storage and Offloading (FPSO) facility, this award underscores Kent’s position as a trusted decommissioning partner with a deep commitment to regulatory compliance, environmental stewardship, and technical excellence.
Under the initial two-year contract, Kent will deploy a multidisciplinary team of technical and regulatory experts to provide strategic and operational support throughout the planning and execution of the decommissioning phase. Read More
| Oil and Gas Blends | Units | Oil Price | Change |
| Crude Oil (WTI) | USD/bbl | $63.33 | Up |
| Crude Oil (Brent) | USD/bbl | $66.49 | Up |
| Bonny Light 19/08/25 CBN | USD/bbl | $69.32 | — |
| Dubai | USD/bbl | $68.94 | Down |
| Natural Gas | USD/MMBtu | $2.82 | — |
| Murban | USD/bbl | $70.54 | Up |
| OPEC basket 20/08/25 | USD/bbl | $69.02 | Down |
Kent announced its joint venture (JV) with Oosita Group of Companies, a business entity of the Fort Chipewyan Métis Nation. After a series of meaningful discussions, the two organisations have entered into an Agreement to form Oosita-Kent Field Services. This marks Kent’s first step toward fostering a stronger relationship with Indigenous groups in Canada.
The primary purpose of Oosita-Kent Field Services is to deliver telecommunications and related field maintenance services to support the operations and maintenance of customers’ systems. Additionally, the Joint Venture aims to:
Provide employment and business opportunities for members of the Fort Chipewyan Métis Nation (FCMN).
Operate competitively within the industry while aligning with the shared values of sustainability, growth, and community development.
Create revenue streams for both Oosita and Kent.
Kent will act as the operator of the Joint Venture and hold a position on the representative committee responsible for making strategic decisions. This agreement reflects Kent’s dedication to advancing meaningful collaborations that create long-term value for local communities and businesses. The agreement is set for an initial five-year term, during which both parties will work closely to identify opportunities and drive success for the Joint Venture. . Read More
Plenitude announces that it will be the main sponsor of La Vuelta 25 for the fourth consecutive year, strengthening its position as one of the key partners of the prestigious global cycling competition. Plenitude will also return as the event’s Official Energy Partner, allowing the recharge of the electric vehicles used by the organizers of ‘La Vuelta’ which accompany the peloton and race management teams along the route throughout the competition.
Celebrating its 90th anniversary, La Vuelta 25 will start in Italy for the first time in its history before crossing France and Spain, covering a total of 3.151 kilometres in 21 stages. The competition will start on 23 August in Turin and will end on 14 September in Madrid.
Plenitude will continue to sponsor the white jersey, which is awarded to the best-ranked rider under the age of 26 in each stage. . Read More
DNO ASA,announced that pursuant to the authorization granted at the Annual General Meeting held on 5 June 2025, the Board of Directors has approved a dividend payment of NOK 0.375 per share to be made on or about 8 September 2025 to all shareholders of record as of 29 August 2025. DNO shares will be traded ex-dividend as of 28 August 2025.
Dividend amount: NOK 0.375 per share
Declared currency: NOK
Last day including right: 27 August 2025
Ex-date: 28 August 2025
Record date: 29 August 2025
Payment date: 8 September 2025 (on or about)
Date of approval: 20 August 2025, based on authorization granted 5 June 2025 . Read More
DNO ASA, reported strong second quarter results with revenue up 37 percent to USD 258 million from the prior quarter and operating profit up 206 percent to USD 86 million, even with the contribution from the transformative USD 1.6 billion acquisition of Sval Energi Group AS in Norway recorded only as from 1 June 2025.
Net production during the quarter increased 10 percent to 92,600 barrels of oil equivalent per day (boepd), of which 56,100 boepd from the Kurdistan region of Iraq, 33,300 boepd from the North Sea and 3,200 boepd from West Africa. With the addition of the Sval Energi assets, projected second half 2025 North Sea production is 80,000-85,000 boepd.
While months-long repairs are pending and security concerns remain following drone strikes on DNO operated fields in Kurdistan, DNO has ramped up gross production on a test basis to 55,000 boepd, about evenly split between the Tawke and Peshkabir fields.
“With strong production and cash generation across the portfolio, we will continue our pivot to delivering increased cash value to our shareholders with stepped up dividends while streamlining and trimming expenditure across the Company,” said Executive Chairman Bijan Mossavar-Rahmani. “We are also focused like a laser on lowering the level and cost of debt,” he added.
Post Sval acquisition, DNO has production from over 30 North Sea fields. Its most recent development, Maria Revit, was put on production in May 2025 and will contribute some 4,000 boepd net to DNO at peak. Elsewhere in Norway, the Company has six ongoing tieback developments scheduled to come onstream between 2025 and 2029, which together will contribute some 25,000 boepd net to DNO at the end of that period. Combined, the six developments represent nearly 50 million barrels of oil equivalent (MMboe) in proven and probable reserves net to DNO.
Another three tieback projects are moving toward 2025-26 final investment decisions. More than a dozen other discoveries, including DNO-operated Kjøttkake, Norma and Othello, are being matured for project sanction.
DNO’s exploration success continued with the discovery of Vidsyn (DNO 25 percent) announced in July. So far this year, DNO has made three commercial discoveries in four exploration wells with total net mean resources of 34 MMboe. Soon, the Company will spud the Page exploration well which is a follow-up on the 2024 Othello discovery within the same license in which DNO holds a 50 percent operated stake. . Read More
Baker Hughes Rig Count: : International +27 to 913, : U.S. unchanged at 539 Canada +3 to 183
U.S. Rig Count is unchanged from last week at 539 with oil rigs up 1 to 412, gas rigs down 1 to 122 and miscellaneous rigs unchanged at 5.
Canada Rig Count is up 3 from last week to 183, with oil rigs up 4 to 126, gas rigs unchanged at 57 and miscellaneous rigs down 1 to 0.
International Rig Count is up 1 from last month to 914 with land rigs down 10 to 720, offshore rigs up 11 to 194.
The Worldwide Rig Count for July was 1,621, up 22 from the 1,600 counted in June 2025, and down 92, from the 1,713 counted in July 2024.
| Region | Period | Rig Count | Change |
| U.S.A | August 15, 2025 | 539 | – |
| Canada | August 15, 2025 | 183 | +3 |
| International | July 2025 | 914 | +1 |
KBR announced that its Board of Directors has declared a regular quarterly dividend of $0.165 per share on the company’s common stock, par value $0.001 per share, to be paid on October 15, 2025, to stockholders of record on September 15, 2025. Read More
Nissan today announced the launch of the first-ever, X-Trail NISMO in Japan.
Developed under the concept of a “Grand Touring SUV that delivers a passionate experience,” the X-Trail NISMO embodies the philosophy of all NISMO road cars by blending race-bred performance with everyday drivability. Its aerodynamic performance and design aesthetics are derived from racing technology, while its exclusive tuning delivers engaging driving performance. The X-Trail NISMO has been tuned to deliver excellent cornering ability, enjoyable acceleration and a refined ride. The suspension features Kayaba Swing Valve shock absorbers — a first for Nissan. This technology balances the competing needs of minimizing body motion — a challenge specific to high-riding SUVs — while maximizing ride comfort.
The e-4ORCE electric-drive all-wheel control technology is specifically tuned for the X-Trail NISMO. It increases rear-wheel drive distribution and controls the front tires for directional turning, enhancing line-tracing while accelerating through corners. In addition, acceleration characteristics and front-rear drive distribution are tuned for each drive mode, providing an enjoyable driving experience in a wide variety of driving conditions. The X-Trail NISMO rides on Michelin Pilot Sport EV tires, which maximize the performance of the NISMO-tuned e-4ORCE. The 20-inch wheels feature wider rims to improve steering response, and the power steering has been optimized to complement the suspension and tires. Sales of the X-Trail NISMO are scheduled to commence on September 24 in Japan. . Read More
Neste has been awarded with Platinum EcoVadis Medal, after a sustainability assessment by EcoVadis places the company among the top 1% of the companies worldwide. EcoVadis assesses how well a company has integrated sustainability into its business and management system, the company’s impact on the environment, as well as how it fosters transparency and drives innovation. Since its founding in 2007, EcoVadis has grown into the world’s largest and one of the most trusted providers of business sustainability ratings, creating a global network of more than 130,000 rated companies.
“We are honored to receive the EcoVadis Platinum Medal,” says Virpi Amoedo, Vice President, Sustainability and Public Affairs at Neste. “This recognition reflects our continuous commitment to integrating sustainability across our business and management systems.”
Compared to last year, Neste’s performance further improved in three out of four impact categories: Labor & Human Rights, Ethics, and Sustainable Procurement. Neste received a score of 92/100 in Labor & Human Rights, 75/100 in Ethics, and 81/100 in Sustainable Procurement. In the Environment category, Neste maintained its full 100/100 score.
Neste’s score is higher than or equal to 99 percent of all companies assessed by EcoVadis. The ranking is not sector-specific; instead, it is calculated among all companies in all sectors. Read More
Odfjell SE Board of Directors have approved a dividend payment of USD 0.48 per share
based on the Company’s first half 2025 financial result.
Key information relating to the dividend payment:
Declared dividend: USD 0.48 per outstanding share
Dividend in currency: NOK 4.93 per outstanding share, based on the Bloomberg
USDNOK fix (BFIX) at 09:00hrs CET on 20 August 2025
Last day including: 22 August 2025
Ex-div date: 25 August 2025
Record date: 26 August 2025
Payment date: 2 September 2025 Read More
Nissan Motor Co., Ltd. today announced it has entered a partnership with U.S.-based LiCAP Technologies, Inc., for the development of production process technology for the cathode electrode of all-solid-state batteries (ASSB).
Developing a dry electrode production process for cathode electrode is highly beneficial for the smooth production and commercialization of ASSBs. Compared to conventional solvent-process electrodes, dry-process electrodes eliminate the need for drying and solvent recovery, significantly reducing manufacturing costs and environmental impact. However, when considering future mass production, achieving high production efficiency remains a major challenge for dry-process electrodes.
LiCAP’s proprietary Activated Dry Electrode® technology provides significant advantages in production efficiency and performance, over traditional methods. The partnership with LiCAP will accelerate the development of dry electrode production process technology, marking an important step toward the realization of next-generation EVs equipped with high-performance and cost-efficient ASSBs.
Nissan began operating its all-solid-state battery pilot line in January 2025. The company aims to launch EVs equipped with in-house developed all-solid-state batteries by fiscal year 2028 and is accelerating its R&D efforts toward this goal. Read More
Capricorn notes the judgment handed down on 19 August 2025 regarding Waldorf Production UK Plc’s restructuring plan under Part 26A of the Companies Act. As previously disclosed, liabilities of $29.5m were owed to Capricorn related to a sale and purchase agreement entered into in 2021 and amended in 2023.
The High Court refused to sanction the restructuring plan following a contested hearing in June 2025. Capricorn continues to consider its position on this matter in conjunction with its legal advisers, Mayer Brown International LLP. Discussions with Waldorf are ongoing but full recovery of $29.5m remains unlikely due to Waldorf’s financial position. Read More
TRATON taps into new capital markets in Australia, New Zealand, and South East Asia to strengthen its global financing strategy.
TRATON has successfully launched an Australian Medium Term Note (AMTN) program with a volume of AUD 5.0 billion (approx. EUR 2.9 billion). With this step, TRATON is expanding its capital market strategy beyond Europe and is opening up new investor groups in Australia, New Zealand, Japan, Singapore, and Hong Kong.
The AMTN program complements the existing EUR 18.0 billion European Medium Term Note program, which has served as the central financing platform for the TRATON GROUP since 2021. With the new AMTN program, TRATON is responding to the increasing financing needs and is focusing on currency diversification and regional investor base expansion.
The Australian bond market offers sound diversification to international issuers. It allows global fund managers to invest in Australian dollars (AUD) on top of existing euro-based investments. In addition, Asian investors are active participants in the AUD primary bond market on the basis of a local debt issuance program. Read More
Eni and Global Infrastructure Partners sign an agreement related to the sale of a stake of 49.99% in Eni CCUS Holding – a leading global player in the CCUS sector (Carbon Capture, Utilization and Storage). Eni CCUS Holding has been established with the objective of maximizing the industrial potential and enhancing the value of Eni’s CCUS projects. The Company operates, through its subsidiaries, the Liverpool Bay and Bacton projects in the UK (with Liverpool Bay currently under construction, serving as the backbone of the HyNet industrial cluster, and holding an already-defined regulatory and commercial framework along with an existing financing plan), in addition to the L10-CCS project in the Netherlands. Furthermore, the Company has the right to acquire the 50% held by Eni of Ravenna CCS project in Italy and it will be able to include other potential projects within a broader platform of CCUS initiatives in the medium- to long-term. Read More
On August 15, 2025, XPeng Inc and Volkswagen Group jointly announced that, following the signing of a strategic joint development agreement for electrical and electronic architecture technology between XPeng Motors and Volkswagen Group on July 22, 2024 (the “Joint Development Agreement”), the industry-leading electrical and electronic architecture jointly developed by the two parties is accelerating development at “China speed” and has achieved key project milestones. Based on the mutual consensus to expand the application scope of the electrical and electronic architecture and achieve cross-platform and cross-powertrain architecture platformization within the Volkswagen Group, the two parties have signed an agreement to expand their strategic cooperation on electrical and electronic architecture technology (the “Expanded Cooperation Agreement”). The signing of the Expanded Cooperation Agreement marks that the industry-leading electrical and electronic architecture jointly developed by the two parties will be integrated not only into Volkswagen’s pure electric vehicle platforms in the Chinese market, but also in its gasoline and plug-in hybrid vehicle platforms in the Chinese market, expanding the strategic technical cooperation between the two parties to a broader market. Read More
CITIC Bank’s Guangzhou Branch, China, will grant Xpeng Motors a credit line totaling RMB 10 billion to fully support its business operations and development. This credit line is of great significance to Xpeng Motors in terms of cash utilization efficiency and optimizing settlement cost management. This collaboration marks a further deepening of the cooperation between the two parties and demonstrates China CITIC Bank’s strong recognition of Xpeng Motors’ strength and development prospects. Both parties will leverage their respective strengths to create greater commercial and social value.
As one of China’s leading smart electric vehicle companies, Xpeng Motors leverages its long-standing technological expertise in intelligent and electrified vehicles to launch a variety of original models both domestically and internationally, earning widespread customer satisfaction. As of July 2025, Xpeng Motors’ monthly deliveries have exceeded 30,000 units for nine consecutive months, maintaining steady growth. Xpeng Motors also maintains strong growth momentum in overseas markets. In the first half of this year, Xpeng Motors delivered over 18,701 units in overseas markets, a 217% year-on-year increase. Xpeng Motors has also entered 46 countries and regions, achieving the top spot among emerging brands in overseas markets in 10 countries and ranking among the top six pure electric vehicle brands globally. Read More
Xpeng Motors released its second-quarter financial report: Q2 deliveries reached 103,181 units, revenue reached 18.27 billion yuan, gross profit margin reached 17.3%, and cash reserves reached 47.57 billion yuan. Second Quarter 2025 Operational and Financial Summary:
l In the second quarter of 2025, Xpeng Motors’ total deliveries were 103,181 units, a year-on-year increase of 241.6% and a month-on-month increase of 9.8%, setting a new record for single-quarter deliveries.
l In the second quarter of 2025, Xpeng Motors’ total revenue was RMB 18.27 billion, up 125.3% from the same period in 2024 and up 15.6% from the first quarter of 2025, setting a new record for a single quarter.
l The gross profit margin in the second quarter of 2025 was 17.3%, a record high, an increase of 3.3 percentage points year-on-year and 1.7 percentage points month-on-month.
l The gross profit margin of automobiles in the second quarter of 2025 is 14.3%, an increase of 7.9 percentage points from the same period in 2024, and has increased for eight consecutive quarters.
l Total revenue for the full year of 2024 will reach RMB 40.87 billion, a year-on-year increase of 33.2%; the full-year gross profit margin will be 14.3%, a year-on-year increase of 12.8 percentage points.
As of June 30, 2025, cash and cash equivalents, restricted cash, short-term investments and time deposits amounted to RMB 47.57 billion (US$6.64 billion), an increase of more than RMB 2.29 billion from March 31, 2025, and cash reserves reached a record high.
As of June 30, 2025, Xpeng Motors has a total of 677 stores covering 224 cities.
As of June 30, 2025, Xpeng Motors’ self-operated charging station network has further expanded to 2,348 charging stations, including 1,304 Xpeng S4 and S5 ultra-fast charging stations. . Read More
Xpeng Motors announced its second-quarter 2025 financial results, achieving record highs across key metrics including deliveries, total revenue, gross profit margin, and cash reserves. Xpeng Motors’ total revenue for the second quarter was 18.27 billion yuan, a 125.3% increase compared to the same period in 2024. Deliveries reached 103,181 units, a record high for a single quarter, with a year-on-year increase of 241.6%. Gross profit margin reached 17.3%, a 3.3 percentage point increase year-on-year, also a record high for a single quarter. Automotive gross profit margin reached 14.3%, a 7.9 percentage point increase year-on-year, marking eight consecutive quarters of growth. As of June 30, 2025, Xpeng Motors had cash reserves of 47.57 billion yuan (US$6.64 billion), a net increase of 2.29 billion yuan compared to March 31, 2025. In the third quarter of 2025, Xpeng Motors expects total deliveries to reach 113,000-118,000 vehicles, an increase of approximately 142.8% to 153.6% year-on-year and 9.5%-14.4% month-on-month; total revenue is expected to reach 19.6 billion yuan to 21 billion yuan, a year-on-year increase of 94.0% to 107.9% and a month-on-month increase of 7.3%-14.9%.. Read More
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OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole , victor@oilandgaspress
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