China’s Xpeng Muscles Through Chip Crunch With Rising Deliveries

Bloomberg2021-11-24

(Bloomberg) --Xpeng Inc. gained in New York trading after the Chinese electric-vehicle maker sold more cars than expected in the third quarter, evading much of the supply-chain snarls weighing on ...

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精彩评论

dahae
2021-11-24
dahae
👛
- dahae:
  👛
Annalz
2021-11-24
Annalz
flying China stocks
- SRT:
  Good
Khoo12
2021-11-24
Khoo12
Hmmm
pekss
2021-11-24
pekss
Hope the good news will spill over to other EV counters
- evepek:
  Yes
waiwaiho
2021-11-24
waiwaiho
Pls like,thanks
CeciLi
2021-11-24
CeciLi
Pls like
- gl8089:
  nice

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Xpeng also detailed plans to expand in Europe and double down on self-driving technologies.\nXpeng “achieved strong growth momentum despite the challenges of semiconductor shortage,” President Brian Gu said.\nWhile automakers globally have been plagued by a chip shortage that’s estimated to cost the industry $210 billion in lost production, it’s been a banner period for China’s car market. EV sales this year are in line to more than double 2020’s total and reach 3 million.\nXpeng delivered 25,666 of its G3 sport-utility vehicles and P7 sedans in the period, 14% higher than the upper end of its outlook in August. The carmaker released a fourth model -- the G9 SUV -- at the Guangzhou auto show last week, a larger SUV pitted more directly against Tesla Inc.’s Model Y and Nio Inc.’s ES series.\nXpeng rose as much as 14% in New York. 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Analysts on average had forecast a loss of 1.09 billion yuan.\nGu said in an interview with Bloomberg Television in August that he hopes the company will start posting profits in two to three years. Xpeng invested 1.26 billion yuan in R&D last quarter, doubling the expense in the same period a year ago. Selling, general and administrative costs rose by more than a quarter.\nLooking forward into the final stretch of this year, Xpeng said it expects another record period for vehicle deliveries. Revenue for the fourth quarter may be as high as 7.5 billion yuan.\nXpeng’s stock debuted in Hong Kong in July. The automaker said that it planned to use the proceeds from its Hong Kong share sale to expand its product portfolio and develop more advanced technologies, as well as boost its presence in international 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the good news will spill over to other EV counters","listText":"Hope the good news will spill over to other EV counters","text":"Hope the good news will spill over to other EV counters","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/874126036","repostId":2185933926,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6705922,"gmtCreate":1637748153059,"gmtModify":1637748153156,"authorId":3581817256198016,"author":{"id":3581817256198016,"authorId":3581817256198016,"name":"evepek","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":874126036,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"CN"},{"id":874184045,"gmtCreate":1637744584580,"gmtModify":1637744584687,"author":{"id":"3573877891823690","authorId":"3573877891823690","name":"waiwaiho","avatar":"https://static.tigerbbs.com/b112a07bf435c07a2caef2264c1f3d2b","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Pls like,thanks&nbsp;","listText":"Pls like,thanks&nbsp;","text":"Pls like,thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874184045","repostId":2185933926,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":874110273,"gmtCreate":1637741666613,"gmtModify":1637741666786,"author":{"id":"3580709888891343","authorId":"3580709888891343","name":"CeciLi","avatar":"https://static.tigerbbs.com/c84d7339be75b2d5f77e2eee702149e0","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Pls like","listText":"Pls like","text":"Pls 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