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.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Xpeng shares drop 6% as the Chinese electric carmaker reports mounting lossesThe Chinese electric carmaker's troubles continued with Friday results showing a wider-than-expected loss in the second quarter.
Leer más »
Dollar shines on US economic resilience; Aussie tumbles after employment dataThe dollar pushed the yen deeper into intervention territory on Thursday as a resilient U.S. economy underscored the need for higher-for-longer interest rates, while a strikingly ultra-dovish Bank of Japan struggled to defend its policy stance.
Leer más »
Georgia Election Indictment Highlights Wider Attempts To Illegally Access Voting EquipmentThe new indictment in Georgia includes charges against several people accused of illegally accessing voting equipment in one rural county.
Leer más »
San Jose office building tumbles into loan default for second timeA San Jose office building has tumbled into default on a loan, a fresh sign of economic woes in some sectors of Bay Area real estate.
Leer más »
Bitcoin abruptly tumbles as much as 9% to just over $26,000 late ThursdayThe virtual currency dropped sharply on Thursday evening.
Leer más »