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$XPEV XPeng will report before market open. Analysts estimate $1.86B in revenue (+149.57% YoY) and -$0.46 in earnings per share.
Xpeng, the Chinese electric vehicle maker that’s partnered with Volkswagen, flagged a bumpy outlook even as it unveiled better-than-expected quarterly earnings https://t.co/ZJNfbhU8Qs
🔥BREAKING: Xpeng, a Chinese pure play EV maker, expects a dramatic drop in Q1'24 sales, implied by vehicle delivery guidance of just 21,000 - 22,500 (after 60,158 in Q4'23) published today. ▫️The qoq drop is much too large to be explained mostly by typical seasonality!…
Shares of CATL surged over 7% in China following the battery giant's earnings surpassing expectations. Xpeng, a Chinese EV maker, anticipates a significant decline in Q1'24 sales despite better-than-expected quarterly earnings and a partnership with Volkswagen. Analysts project Xpeng to report $1.86B in revenue and -$0.46 in earnings per share.