Chinese electric-vehicle maker XPeng announced an adjusted loss of $380 million from sales of $1.2 billion. Wall Street was looking for a $400 million loss.
By Ben Otto XPeng's losses widened in the third quarter, even as vehicle sales jumped and the Chinese electric-car maker forecast a near-doubling of revenue.
XPeng Inc. (XPEV), a Chinese smart electric vehicle firm, on Wednesday reported a wider net loss for the third quarter of 2023, amidst higher costs and losses. However, the company registered a rise in revenue.
All three models appear to be seeing strong demand with Li indicating that it has led the sales chart of SUVs priced above RMB300,000 ($42,000) for six conservative mo.