Chinese electric vehicle maker XPeng has announced its third-quarter earnings, surpassing Wall Street expectations. Despite this positive news, the company's stock experienced a weak start to trading. Strong Financial Performance XPeng reported an adjusted loss of $380 million from sales amounting to $1.2 billion for the quarter. This result exceeded predictions, as analysts … [Read more...] about XPeng Reports Better-Than-Expected Q3 Earnings
XPeng
XPeng’s Partnership with Volkswagen Boosts Stock
The recent announcement of a partnership between Chinese electric-vehicle maker XPeng and Volkswagen has caused a stir on Wall Street. As a result, XPeng shares have seen a surge in upgrades from analysts. Earlier this week, VW announced that it is investing $700 million in XPeng and collaborating on the development of electric vehicles (EVs) in China. This promising deal … [Read more...] about XPeng’s Partnership with Volkswagen Boosts Stock
