Chinese EV maker XPeng forecasts Q4 revenue below estimates amid fierce competition

(Reuters) -Chinese electric vehicle maker XPeng (XPEV) forecast fourth-quarter revenue below estimates on Monday, as a prolonged price war and ​intensifying competition in the world's largest auto market threaten to slow its ‌growth. The company's U.S.-listed shares, which have more than doubled this year, fell nearly ‌4% in premarket trading. The cautious outlook comes despite XPeng and rival NIO (NIO) posting record deliveries in October, even as Tesla's (TSLA) China sales slumped to a three-year low. ...