• Economy
  • Investing
Long Distance Investing
  • Stock
  • Editor’s Pick
Investing

XPeng’s Revenue Outlook Dims with Increased Competition

by August 20, 2024
written by August 20, 2024

Financial Forecast

XPeng Inc. (NYSE:XPEV) has forecasted lower-than-anticipated revenue for the third quarter, projecting figures below analysts’ expectations. The company reported that its revenue for the third quarter is expected to range between 9.1 billion yuan and 9.8 billion yuan, whereas analysts had anticipated around 10.4 billion yuan.

Quarterly Performance

In its June quarter results, XPeng’s revenue stood at 8.11 billion yuan ($1.14 billion), missing the expected 8.17 billion yuan. Despite a slight increase in gross margin to 14%, up by 1.1 percentage points, XPeng struggled with stiff competition and a decline in demand for its existing lineup of electric vehicles (EVs).

Vehicle Deliveries

XPeng aims to deliver between 41,000 and 45,000 vehicles in the third quarter, surpassing the 40,008 units delivered in the same period last year. The company reported an improved vehicle margin of 6.4% for the April-June period, up from 5.5% in the previous quarter.

Future Plans and Challenges

To enhance its market position, XPeng plans to refresh its model lineup with new EVs over the next three years, with prices ranging from 100,000 yuan to 400,000 yuan ($14,001.88 to $56,007.51). The upcoming MONA M03 mid-sized sedan is set to compete with BYD’s Seagull and Dolphin models as well as Tesla’s Model 3.

However, XPeng’s expansion plans face challenges, particularly due to the European Commission’s tariffs on Chinese-made EVs. The company is considering establishing a manufacturing plant in Europe to mitigate these tariffs.

Competitive Landscape

XPeng is contending with intense competition from domestic players like BYD and Nio (NYSE:NIO), as well as global competitors including Tesla (NASDAQ:TSLA). This competitive pressure, combined with regulatory hurdles, is impacting XPeng’s financial outlook and market strategy.

Featured Image: Megapixl

Please See Disclaimer

About the author:
I am a writer and an editor with experience in publishing, research, and SEO strategies. I have an honors BSc in Social Work from the University of Benin, Nigeria.

The post XPeng’s Revenue Outlook Dims with Increased Competition appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Toll Brothers Reports FY 2024 3rd Quarter Results
next post
Disney Drops Motion to Dismiss Allergy-Death Lawsuit

You may also like

MEXC strengthens reserve backing with $390M asset increase

April 23, 2025

Oil prices rebound: what’s driving the rally and...

April 23, 2025

Silver rises with gold, but industrial demand outlook...

April 23, 2025

Lead Edge Capital founder Mitchell Green says recession...

April 23, 2025

Why is Toncoin price rising today?

April 23, 2025

BC.GAME to host ‘Untamed Arena’ during TOKEN2049 Dubai,...

April 23, 2025

Keycard launches pre-sale for Shell: the most open,...

April 23, 2025

BA stock rises as Boeing reports smaller Q1...

April 23, 2025

US stocks surge at open: Dow climbs 2.4%,...

April 23, 2025

iExec launches 1M $RLC fund to support AI...

April 23, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • C-Level Survey: IoT Dominates Tech Roadmaps in Key Industrial Sectors

      July 4, 2025
    • Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

      July 4, 2025
    • Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

      July 3, 2025
    • Sateliot advances its constellation with 5 new satellites manufactured by Alén Space

      July 3, 2025

    Categories

    • Economy (777)
    • Editor's Pick (419)
    • Investing (4,555)
    • Stock (820)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: Longdistanceinvestings.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 Longdistanceinvestings.com

    Long Distance Investing
    • Economy
    • Investing
    Long Distance Investing
    • Stock
    • Editor’s Pick