Chinese electric-vehicle maker Xpeng forecasted first-quarter revenue below market expectations due to a sluggish economy and stiff competition. Despite posting a record revenue in Q4 and narrowing losses, mounting competition poses challenges for Xpeng's future growth.
The technology news making headlines in China today includes: - Ant Group kicks off restructuring - CATL promises EV-makers huge R&D savings - XPeng books smaller-than-expected loss https://t.co/lpSFVQMVkU
Xpeng posts positive qurater margin, but less than rivals https://t.co/oRVduF7BC5
At least three defunct Chinese EV makers are getting a new lease on life after the industry was touted as a “new productive force” — a slogan coined by President Xi Jinping to promote the development of advanced technology https://t.co/a1E5EdWyrT
XPeng, the EV maker, posted a better-than-expected $188 million loss for the final quarter of 2023. Mounting competition, however, makes the road ahead look bumpy https://t.co/lnzZwdfV7r
$XPEV (+3.9% pre) Xpeng posts record revenue in Q4, gross margin turns positive - CNEV Post https://t.co/WxJSiZtQkz
Chinese officials reaffirm commitment to EV ambitions and promise raft of support measures amid industry doubts - Technode https://t.co/EU8EqmpV0A
XPeng Narrows Losses as Revenue Accelerates, Sees More Growth Ahead https://t.co/9p2HPD3vhl
Xpeng forecast quarterly revenue below estimates as market competition bites https://t.co/Ko5Va7lWfz https://t.co/ZBYSTQ0iYt
XPeng Stock Rises on Solid Results. Guidance Is Good for Tesla Too. https://t.co/FQSz1RLK9a
⚠️ XPENG FORECAST QUARTERLY REVENUE BELOW ESTIMATES Full Story → https://t.co/h7Pn1Ushhf Chinese electric-vehicle maker Xpeng forecast first-quarter revenue below market expectations on Tuesday as a sluggish economy and stiff competition weighed on vehicle demand. https://t.co/sxw5ycqyT0