The Xpeng X9 electric MPV on display at the Beijing auto show on April 25, 2024.BEIJING — Chinese electric car company Xpeng saw its shares soar after reporting an improvement in profit margin and an upbeat outlook for second-quarter deliveries.The company's Hong Kong-listed shares rose more than 13% in morning trade Wednesday. U.S.-listed shares had climbed by nearly 6% in U.S. trade Tuesday after reporting first quarter results.Xpeng reported that vehicle margin rose 5.5% in the first three months of the ...

XPeng (NYSE:XPEV) stock climbed as much as 20% today after the Chinese electric vehicle (EV) maker reported its first-quarter earnings. However, the initial enthusiasm has cooled down, with XPEV stock now up by about 6% on the day.During the quarter, XPeng delivered a total of 21,821 vehicles, up by 19.7% year-over-year (YOY) from 18,230 vehicles. That led to revenue of $907 million, which beat the analyst estimate for $859 million. In addition, XPeng is still unprofitable with an EPS loss of 10 cents or a ...

XPeng (NYSE:XPEV) stock is on the climb today, up 5% as of this writing after delivering a promising first-quarter earnings report this morning. The Chinese electric vehicle (EV) maker managed to handily beat earnings, margin and guidance estimates in its fiscal Q1.Indeed, XPeng announced an EPS loss of 10 cents on sales of $907 million, better than forecasts for a 33 cent EPS loss on $859 million in sales. Revenue came in at nearly double the sales the company reported a year prior.The company’s sales were ...

XPeng Inc. (NYSE:XPEV) Q1 2024 Earnings Conference Call May 21, 2024 8:00 AM ET Company Participants Alex Xie - Head of Investor Relations Xiaopeng He - Co-Founder, Chairman and Chief Executive Officer James Wu - Vice President of Finance and Accounting Charles Zhang - Vice President of Corporate Finance and Investments Brian Gu - Vice Chairman and President Conference Call Participants Tim Hsiao - Morgan Stanley Ming Lee - Bank of America Bin Wang - Deutsche Bank Paul Gong - UBS Tina Hou - Goldman Sachs Op ...

The EV maker reported a narrower loss than expected and guided to strong sales growth in the second quarter.Shares of Chinese electric vehicle (EV) maker XPeng (XPEV 7.43%) were moving higher on Tuesday after the company reported a narrower-than-expected first-quarter loss.As of 10:30 a.m. ET, XPeng's American depositary shares (ADS) were up about 11.4% from Monday's closing price. A narrower loss than expectedXPeng reported its first-quarter results before the U.S. markets opened on Tuesday, and they were ...

Key TakeawaysXPeng reported better-than-expected results as deliveries of its electric vehicles jumped.The Chinese carmaker's loss was slashed in half, and revenue was up 62.3% year-over-year.Deliveries increased 19.7% on lower prices and the launch of a new model. American depositary receipts (ADRs) of XPeng (XPEV) surged Tuesday after the Chinese electric vehicle (EV) maker that focuses on artificial intelligence (AI) technology posted strong sales and slashed its losses on higher deliveries. XPeng report ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB41.40 billion (US$5.73 billion) as of March 31, 2024Quarterly total revenues were RMB6.55 billion, a 49.8% decrease quarter-over-quarterQuarterly gross margin was 12.9%, an increase of 6.7 percentage points quarter-over-quarter GUANGZHOU, China, May 21, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its unaudit ...

Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB41.40 billion (US$5.73 billion) as of March 31, 2024Quarterly total revenues were RMB6.55 billion, a 49.8% decrease quarter-over-quarterQuarterly gross margin was 12.9%, an increase of 6.7 percentage points quarter-over-quarter GUANGZHOU, China, May 21, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today annou ...

XPeng’s (XPEV) affiliate, Xpeng AeroHT, plans to start delivering its first flying car to customers in 2026, per CNBC. In 2023, Xpeng AeroHT unveiled the Land Aircraft Carrier, a large truck housing a flying two-seater electric drone. The flying car can separate from the truck, allowing passengers to board and fly it.Per Brian Gu, co-president of Xpeng, the car will be available for pre-order this year. It is expected to be priced at around $138,000, with the goal of reducing costs through large-scale produ ...