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home / news releases / XPEV - XPeng Pushes Profit Target Back: What To Know

XPEV - XPeng Pushes Profit Target Back: What To Know

XPeng Inc. American depositary shares each representing two Class A

Summary

  • XPeng has pushed back its target to reach operating profitability until 2025 after previously looking to break even in 2023 or 2024.
  • XPeng is prioritizing the development of its NGP system, seeing a massive market opportunity for autonomous driving systems.
  • With a lofty delivery target for 2023 and increased R&D spending in the cards, XPeng may still struggle to reach that operating profit target.

For further details see:

XPeng Pushes Profit Target Back: What To Know
Stock Information
Company Name: XPeng Inc. American depositary shares each representing two Class A
Stock Symbol: XPEV
Market: NYSE
Website: xiaopeng.com
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