Chinese EV maker Xpeng trims losses on 23% revenue rise

Quick Summary:

The carmaker expects revenue to increase by up to 140 per cent from a year earlier in the first quarter.

It expects first-quarter revenue this year to be between 15 billion yuan and 15.7 billion yuan, which would translate to a year-on-year increase of 129.1 per cent to 139.8 per cent.“We are well-positioned to significantly expand our market share in the smart EV industry both in China and globally,” said He Xiaopeng, chairman and CEO, in a stock exchange filing.“We are committed to building Xpeng into an AI-empowered global automotive company and a smart technology brand beloved by users worldwide.

These factors have forced them to figure out how to expand outside China.

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Article Details

Author / Journalist: Aileen Chuang

Category: Business

Markets: Hong KongChina

Topics: Rose Cent Carmaker Billion Quarter Narrowed Loss Yuan Xpeng Revenue Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 20:00:41 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 301 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 27148487

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