Chinese EV maker XPeng reports Q3 revenue up 24.5% to $1.44B, exceeding analyst forecasts.

Chinese EV maker XPeng Inc. reported a 24.5% revenue increase in Q3 to $1.44 billion, surpassing analyst expectations. Q3 vehicle deliveries rose 16.3% year-on-year to 46,533. XPeng expects fourth-quarter deliveries to be between 87,000 and 91,000, a 44.6%-51.3% increase year-on-year, and revenue of 15.3 billion-16.2 billion Chinese Yuan, up 17.2%-24.1% year-on-year. The company attributes its forecast to new car models and a growing domestic market.

November 19, 2024
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