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Xpeng Inc. (XPEV), a Chinese smart electric vehicles maker, on Friday reported a wider loss for the second-quarter of 2023, amidst a fall in revenue, particularly reflecting a decline in revenue from vehicle sales. ....
XPeng Inc (NYSE: XPEV) issued its second quarter report that showed that the price war that Tesla Inc (NASDAQ: TSLA) recently rekindled took a toll on its margins. Upon the report that contained the EV maker’s greatest loss since going public, XPeng’s U.S. shares tanked 7% in pre-market trade. Besides its in-house issues, XPeng is facing intense competition not only from giants like Tesla and its main China rival BYD Company Limited (OTC: BYDDY) but also from other EV startups like Nio Inc (NYSE ....
Mumbai: Ahuja Builders Booked For Cheating 590 Homebuyers In Redevelopment Project In Sion freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.