XPEV Stock: Xpeng Sees Vehicle Sales Revenue Surge 162%

Xpeng (NYSE:XPEV) stock is in focus after the Chinese electric vehicle (EV) company reported its fourth-quarter and 2023 full-year earnings. During the quarter, Xpeng delivered 60,158 vehicles, up by a significant 170.9% year-over-year (YOY). That helped bring total revenue to $1.84 billion, which grew by 153.9% YOY and beat the analyst estimate for $1.76 billion. Vehicle sales revenue grew by 162.3% to $1.72 billion.Within the next month, Xpeng will unveil a more affordable EV brand equipped with artificia ...