XPeng (XPEV) sinks following 1Q miss and weak forecast
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XPENG Reports First Quarter 2023 Unaudited Financial Results
May 24, 2023 6:00 AM EDTCash and cash equivalents, restricted cash, short-term investments and time deposits were RMB34.12 billion (US$4.97 billion) as of March 31, 2023 Quarterly total revenues were RMB4.03 billion, a 21.5% decrease quarter-over-quarter Quarterly gross margin was 1.7%, a decrease of 7.0 percentage points quarter-over-quarter
GUANGZHOU, China--(BUSINESS WIRE)-- XPeng Inc. (XPENG or the Company, NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (Smart EV) company, today announced its unaudited financial results for the three months ended March 31, 2023.
Operational and Financial Highlights for the Three Months Ended... More
