XPeng's Q3 Revenues Increase Y/Y on Strong Delivery Growth

XPeng Inc.’s (XPEV) third-quarter 2024 American depositary share (ADS) loss per share narrowed to 27 cents from the year-ago quarter’s loss of 62 cents. Total revenues rose to $1.44 billion from $1.17 billion reported in the corresponding quarter of 2023. Revenues from vehicle sales totaled $1.25 billion, up from the year-ago revenues of $1.08 billion due to strong growth in deliveries. In the third quarter, the company delivered 46,533 units, up 16.3% year over year.In the third quarter of 2024, revenues f ...