Xpeng announced its third-quarter earnings today and held an analyst call afterwards. Here's what the company mentioned on the call.
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Category: XPeng
Xpeng Q3 earnings: Deutsche Bank’s 1st look
"Promotional activity appeared more aggressive than anticipated," Deutsche Bank said.
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Xpeng Q3 revenue slightly below expectations, gross margin still negative
Xpeng guided for fourth-quarter deliveries in the range of 59,500 to 63,500 units, meaning it expects to deliver a total of 39,498 to 43,498 vehicles in November and December.
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Xpeng to start pre-sales of X9 MPV on Nov 17
The Xpeng X9 will compete head-to-head with the Li Mega, a Li Auto MPV that will also be unveiled and go on pre-sale on November 17, the first day of the Guangzhou auto show.
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China EV insurance registrations for week ending Nov 12: Nio 2,900, Xpeng 3,900, Li Auto 10,000, Tesla 12,700
So far this month, Nio was at 5,700 units, Xpeng at 6,100 units and Tesla at 22,900 units.
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Xpeng Oct deliveries breakdown: G6 at 8,741, G9 at 4,593
October was the first full month of deliveries for the updated G9 since its launch on September 19, and monthly deliveries were an all-time high for the model.
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Xpeng X9 MPV revealed interior in China as it’s ready for pre-sales
The Xpeng X9 has a 7-seat layout and a huge screen in the center console. It aims to compete with the Li Auto Mega.
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Xpeng, Li Auto plan to double the sales in 2024, Nio eyes 50% growth rate
Li Auto and Xpeng expect a 100%, and Nio a 50% year-over-year increase in 2024 sales, local media reported, citing the Chinese carmakers' supply chain sources.
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Xpeng releases the first photo of its upcoming electric MPV interior
Based on the image, the MPV will come with Starship ambient lighting.
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Xpeng Q3 earnings preview: In-line results expected, margins likely to beat
"In light of China's EV market remaining ultra competitive for the foreseeable future, Xpeng's strategy continues to resonate well with us, making the stock our Top Pick in the group," Deutsche Bank said.
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