XPEV - XPeng: Risky Gamble On AI And eVTOL Cannot Save The Struggling Company
2024-05-23 08:53:08 ET
Summary
- XPeng is facing financial distress and declining profitability, despite obtaining approval for its eVTOL and AI project.
- Plummeting sales and profitability, along with low cash reserves, indicate the company's struggle in the EV market.
- XPeng plans to focus on product innovation and launch over 30 new models in the next 3 years, including an AI car.
XPeng ( XPEV ) has recently announced that its " Land Aircraft Carrier " has obtained the approval from the Civil Aviation Administration of China (CAAC) and will be available for pre-order in Q4 2024 and be delivered in Q4 2025. And while investors of the company are cheering for the achievement, the company is slightly improving in terms of financial loss and declining profitability as suggested in its latest earnings , after a number of years' bleeding....
XPeng: Risky Gamble On AI And eVTOL Cannot Save The Struggling Company