XPEV May 2024 8.000 put
- Yahoo Finance Video
XPeng stock soars on Q2 vehicle delivery forecasts
XPeng stock (XPEV) is being driven into the green after the Chinese EV maker beat first-quarter estimates, narrowing expected losses per share. Yahoo Finance's Market Domination checks out XPeng's vehicle delivery guidance for the second quarter. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- Reuters
Xpeng shares surge on tech service income, upbeat comments on self-driving tech
BEIJING/SHANGHAI (Reuters) -Shares in Chinese electric vehicle maker Xpeng jumped more than 10% on Wednesday driven by revenue growth from research and development services offered to Volkswagen as well as upbeat comments about its goals for gains in self-driving tech. Xpeng, which deepened its partnership with VW in April to co-develop EV architecture, said that those R&D services were primarily responsible for its revenue from services nearly doubling to 1 billion yuan ($138 million) in the first quarter from a year ago. That helped Xpeng's gross margin climb to 12.9% compared with 1.7% a year earlier and 6.2% for the fourth quarter.
