XPeng Stock Soars As EV Deliveries Take Off
XPEVXPENG(XPEV) investopedia.com·2024-05-21 23:31

Key TakeawaysXPeng reported better-than-expected results as deliveries of its electric vehicles jumped.The Chinese carmaker's loss was slashed in half, and revenue was up 62.3% year-over-year.Deliveries increased 19.7% on lower prices and the launch of a new model. American depositary receipts (ADRs) of XPeng (XPEV) surged Tuesday after the Chinese electric vehicle (EV) maker that focuses on artificial intelligence (AI) technology posted strong sales and slashed its losses on higher deliveries. XPeng report ...