XPeng Cuts Its Losses on Volkswagen Deal, But Revenue Falls Short of Forecasts
XPEVXPENG(XPEV) Investopedia·2024-08-20 23:01

Key TakeawaysXPeng reported a narrower-than-expected second-quarter loss, but revenue missed analysts' estimates.The Chinese EV maker signed a technical agreement with Volkswagen last month, and that helped it cut costs.American depositary receipts (ADRs) of XPeng have lost more than half their value in 2024. American depositary receipts (ADRs) of XPeng (XPEV) dropped Tuesday after the Chinese electric vehicle (EV) maker reported weaker-than-expected revenue, although it had a smaller-than-anticipated loss ...