Shares of CATL surged over 7% in China following the battery giant's earnings surpassing expectations. Xpeng, a Chinese EV maker, anticipates a significant decline in Q1'24 sales despite better-than-expected quarterly earnings and a partnership with Volkswagen. Analysts project Xpeng to report $1.86B in revenue and -$0.46 in earnings per share.
$XPEV XPeng will report before market open. Analysts estimate $1.86B in revenue (+149.57% YoY) and -$0.46 in earnings per share.
Xpeng, the Chinese electric vehicle maker that’s partnered with Volkswagen, flagged a bumpy outlook even as it unveiled better-than-expected quarterly earnings https://t.co/ZJNfbhU8Qs
🔥BREAKING: Xpeng, a Chinese pure play EV maker, expects a dramatic drop in Q1'24 sales, implied by vehicle delivery guidance of just 21,000 - 22,500 (after 60,158 in Q4'23) published today. ▫️The qoq drop is much too large to be explained mostly by typical seasonality!…
Shares of #CATL jumped more than 7% in #China after the battery giant's full-year earnings beat expectations. #EV #Lithium https://t.co/iTWqpEtlwg
⚠️ CHINA'S CATL POSTS FIRST PROFIT FALL SINCE Q2 2022 Full Story → https://t.co/7bwwaem5WI Chinese EV battery maker CATL on Friday reported its first quarterly net profit decline since the second quarter of 2022 as it wrestled with smaller rivals amid waning demand for… https://t.co/b6YPEcCpR8