Xpeng Forecasts Upbeat Quarterly Revenue on Strong EV Deliveries

China’s Xpeng aims to double sales and break even this year: CEO · TechNode

China’s Xpeng Motors is confident it will double sales this year to 380,000 vehicles and break even in the last three months, chief executive He Xiaopeng said on Wednesday, as the company reported significant progress in vehicle sales and cost cutting in the past quarter. The electric vehicle maker reported a 141.5% jump in its January-March quarter revenue to RMB 15.8 billion ($2.2 billion), up 141.5% from a year earlier and compared with LSEG …

Xpeng shares soar 10% in Hong Kong as Chinese carmaker forecasts upbeat revenue

The company is a key player in China's hypercompetitive EV market, but has struggled to turn a profit amid rising competition and sluggish domestic demand.

Xpeng shares rise, adding to 66% rally after the Chinese EV maker's losses narrowed

Xpeng said it expects to deliver between 102,000 and 108,000 of its electric cars in the second quarter of this year.

Xpeng forecasts upbeat quarterly revenue on strong EV deliveries

(Reuters) -China’s XPeng on Wednesday forecast second-quarter revenue above Wall Street estimates, betting on growing demand for its lower-priced electric vehicles. U.S.-listed shares of the company rose 6.3% in premarket trading. XPeng is one of the few automakers to weather China’s hypercompetitive EV market, but is yet to turn a profit. In the first quarter, the company reported surging vehicle deliveries, improving gross margin and a narrowe…

Goldman Sachs Estimates XPeng to Deliver 376,000 Vehicles This Year

Goldman Sachs raised its price target on XPeng following the company's first-quarter results released on Wednesday, highlighting improved demand and production ramp-up.

China EV maker XPeng set to turn profitable, says CGSI, lifting target price for the stock

Chinese EV maker XPeng could soon turn profitable, as strong vehicle sales and consensus-beating financials paint a bullish outlook, securities firm CGSI has said.