TECH - China's EV Maker XPeng Speeds Ahead with Strong Revenue Growth Expects Selling More Than 29K Units In Q2 | Benzinga
Chinese EV maker XPeng Inc (NYSE:XPEV) reported fiscal first-quarter sales growth of 62.3% year-on-year, to 6.55 billion Chinese Yuan ($0.91 billion), beating the analyst consensus estimate of 6.17 billion Chinese Yuan ($0.87 billion). Total revenues declined 49.8% sequentially.
Adjusted net loss per ADS of $0.21 beat the analyst consensus loss estimate of $0.27. The stock price gained after the print.
The Tesla Inc (NASDAQ:TSLA) rival’s quarterly vehicle deliveries increased 19.7% year-on-year to 21,821.
XPeng’s physical sales network had 574 ...