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XPEV - XPeng: Navigating A Rocky Quarter With Potential For A Strong Comeback
XPeng Inc. American depositary shares each representing two Class A
2023-03-21 02:21:01 ET
Summary
XPeng is a top 10 emerging EV maker in China and has new models coming in 2023.
The company had a tough quarter with a revenue and earnings decline reported.
A positive is the company has reported strong delivery numbers for February (up 15% over the prior month) and has new models (P7i and G6) being rolled out.
XPeng is expanding internationally and opened its second store in both the Netherlands and Denmark in February 2023.
Its charging station network has expanded to 1,014 stations, including 808 superchargers.