Chinese EV maker XPeng reported a 62.3% YoY increase in Q1 sales, reaching 6.55 billion CNY ($0.91 billion), surpassing analyst consensus estimates.

Chinese EV maker XPeng reported a 62.3% year-on-year increase in Q1 sales, reaching 6.55 billion CNY ($0.91 billion), surpassing analyst consensus estimates. The company's quarterly vehicle deliveries rose by 19.7% year-on-year to 21,821. XPeng anticipates higher deliveries in Q2, expecting to deliver 29,000 to 32,000 vehicles and generate revenue of 7.5 to 8.3 billion CNY.

May 21, 2024
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