Reported 1 day ago
China's Xpeng (XPEV) anticipates second-quarter revenue surpassing Wall Street estimates, driven by increasing demand for its affordable electric vehicles. The company's premarket shares rose 5%, buoyed by record vehicle deliveries in the first quarter and plans to deliver up to 108,000 EVs in Q2. Xpeng forecasts revenues between 17.5 billion and 18.7 billion yuan, reflecting significant year-over-year growth. CEO Xiaopeng He emphasized the company's leadership among emerging EV manufacturers despite ongoing losses.
Source: YAHOO