The Chinese electric-vehicle maker reports a wider-than-expected second-quarter loss and the stock is falling.
XPeng , the Chinese electric-vehicle maker, was falling in premarket trading after reporting a wider-than-expected second-quarter loss.This is breaking news. Read a preview of XPeng’s earnings below and check back for more analysis soon.
Investors want to hear about the direction of pricing and demand for XPeng and the entire Chinese EV industry. What investors learn will impact many EV makers, including Tesla . Sales are falling. XPeng delivered about 27,000 vehicles in the second quarter, down from just over 34,000 delivered in the second quarter of 2022. Sales are down even as Chinese wholesale EV shipments rose roughly 40% to 1.4 million units in the second quarter.
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