Chinese EV maker Xpeng expects minimum 35% jump in sales, citing tech investments

Quick Summary:

The Guangzhou-based company, reporting a narrower loss for the second quarter amid 25 per cent revenue growth, cited investments in technology for its bullish outlook.

Visitors walk past an Xpeng logo at the Beijing International Automotive Exhibition in Beijing on April 25, 2024.

With the move, Xpeng became the first mainland carmaker to make a semi-autonomous driving system operational nationwide.

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongChina

Topics: Market Billion China Cent Digital Quarter Loss Vehicles Xpeng Yuan Self-driving

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 20:45:39 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 534 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 34 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 22179349

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