The Chinese electric carmaker’s troubles continued with Friday results showing a wider-than-expected loss in the second quarter.
Shares of Xpeng were down more than 6% in pre-market U.S. trade, as the Chinese electric carmaker's troubles continued with Friday results showing a wider-than-expected loss in the second quarter.
The net loss was wider than the 2.7 billion yuan loss reported in the second quarter of last year. It was also the highest quarterly loss Xpeng has posted since going public in August 2020.Xpeng were down more than 6% in pre-market U.S. trade, as the Chinese electric carmaker's troubles continued with Friday results showing a wider-than-expected loss in the second quarter.
The net loss was wider than the 2.7 billion yuan loss reported in the second quarter of last year. It was also the highest quarterly loss Xpeng has posted since going public in August 2020.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly: 2.8 billion yuan loss vs.5.06 billion Chinese yuan vs. 5.06 billion yuan expected, representing a 31% year-on-year fall.
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