Reported 5 months ago
Xpeng's shares surged over 10% as a result of increased revenue from research and development services provided to Volkswagen, leading to a doubling of service income in the first quarter. The company's gross margin also saw significant growth due to these services, and Xpeng expressed optimism about advancing its self-driving technology to level four by next year. Additionally, Xpeng expects second-quarter deliveries to increase and plans to launch a mass-market EV with level-two autonomous driving capabilities priced under 200,000 yuan.
Source: YAHOO