XPeng Shares Pop Post Q3 Results; Registers 19% Revenue Growth
XPeng Inc reported third-quarter FY22 sales growth of 19.3% year-on-year, to RMB6.82 billion ($0.96 billion), missing the consensus of $1.01 billion.
The Tesla rival's quarterly vehicle deliveries increased 15% Y/Y to 29,570.
The operating loss for the quarter was RMB(2.18) billion or $(0.31) billion versus a loss of RMB(1.80) billion last year.
XPengsees Q4 vehicle deliveries of 20,000 – 21,000, down 49.7% - 52.1% Y/Y.
The company expects Q4 revenue of RMB4.8 billion - RMB5.1 billion, representing a Y/Y decrease of 40.4% - 43.9%.
The Tesla rival's quarterly vehicle deliveries increased 15% Y/Y to 29,570.
The operating loss for the quarter was RMB(2.18) billion or $(0.31) billion versus a loss of RMB(1.80) billion last year.
XPengsees Q4 vehicle deliveries of 20,000 – 21,000, down 49.7% - 52.1% Y/Y.
The company expects Q4 revenue of RMB4.8 billion - RMB5.1 billion, representing a Y/Y decrease of 40.4% - 43.9%.
XPEV shares are trading higher by above 30% .
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