XPeng Succumbed To Tesla's Price War But Rising Deliveries P

XPeng Succumbed To Tesla's Price War But Rising Deliveries Provide Hints Of Recovery

XPeng Inc (NYSE: XPEV) issued its second quarter report that showed that the price war that Tesla Inc (NASDAQ: TSLA) recently rekindled took a toll on its margins. Upon the report that contained the EV maker’s greatest loss since going public, XPeng’s U.S. shares tanked 7% in pre-market trade. Besides its in-house issues, XPeng is facing intense competition not only from giants like Tesla and its main China rival BYD Company Limited (OTC: BYDDY) but also from other EV startups like Nio Inc (NYSE

Related Keywords

China , Germany , German , Chinese , , Company Limited , Li Auto Inc , Volkswagen , Xpeng Inc , Nio Inc , Tesla Inc , Turnaround Is Still Not , Benzinga Pro , Succumbed To Tesla , Peng , Chinese Yuan ,

© 2025 Vimarsana