XPeng Q3 Earnings: Revenue Beat, 16% Deliveries Growth, CEO Eyes AI Leadership And More

Quick Summary:

Chinese EV maker XPeng Inc (NYSE: XPEV) reported fiscal third-quarter sales growth of 18.4% year-on-year, to 10.10 billion Chinese Yuan ($1.44 billion), topping the analyst consensus estimate of $1.38 billion.  Total revenues increased 24.5% sequentially.

Also Read: Walmart Gears Up For Black Friday, Cyber Monday Specials: Major Discounts On Apple MacBooks, Sony TVs

The Tesla Inc (NASDAQ:TSLA) rival’s quarterly vehicle deliveries increased 16.3% year-on-year to 46,533. XPeng’s physical sales network had 639 stores, ...

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: Benzinga Emerging Markets Movers Briefs Earnings Electric vehicles US88160R1014 EVs XPEV News Mobility Stories That Matter Tech Top Stories Guidance TSLA Why it's moving

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 11:15:52 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 480 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Benzinga

News ID: 23696071

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Official Website: benzinga.com

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