Xpeng Q3 revenue beats expectations as EV sales soar

Xpeng Motors on Tuesday reported better-than-expected third-quarter results buoyed by strong demand for its electric vehicles. The company delivered 25,666 cars in total during Q3, the highest number this quarter from any of China’s new breed of EV-only carmakers established since 2014. The company’s revenue of RMB 5.7 billion ($887.7 million) beat the analysts’ forecast average of RMB 5.2 billion, according…
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