February 26, 2021
Business News

Tesla rival Xpeng is differentiating itself in the electric car market

Xpeng (XPEV) looks to still be electrifying investors hot off a well-received August IPO.

Shares of the Chinese electric car maker surged 13% in pre-market trading Thursday following its first earnings report as a public company. The market appears to be putting aside widening third quarter net losses (864.9 million RMB loss versus $750 million RMB loss last year) for the upstart and focusing in on robust delivery growth of 265.8% year-over-year to 8,578 vehicles. Xpeng also saw total revenue rise…

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