XPeng: Chinese Demand for Electric-Vehicles 'Very Strong'

The transcript discusses the strong performance of the EV market, particularly in China, with record deliveries in May and April. Despite challenges like chip shortages, the company is on track to meet its second-quarter targets. The focus is on improving gross margins and achieving profitability by 2023. The company is also excited about the upcoming launch of the P5 sedan, which features advanced technologies and targets the family sedan segment.

What is the outlook for profitability in relation to gross margin improvements?

What challenges does the company face despite achieving record deliveries?