XPeng G6 And G9 Max Versions Will Start In Mid-April, Ahead of the Original May Schedule

Tiger Newspress
19 Mar

XPeng chairman He Xiaopeng said in Weibo that delivery of XPeng G6 and G9 Max versions will start in mid-april, ahead of the original may schedule, with other versions also being accelerated.

US-listed XPeng shares rose 2.6% in overnight trading.

Its shares also trimmed their losses to 5% in Hong Kong.

U.S.-listed shares of XPeng tumbled 7.8% on Tuesday after the Chinese electric vehicle maker's fourth-quarter results fell short of what analysts had expected.1

The company said Tuesday it generated 16.11 billion Chinese yuan ($2.23 billion) in revenue in the quarter, up 23% from 13.05 billion yuan earned in the same time a year ago but just below the analyst consensus compiled by Visible Alpha.

XPeng lost an adjusted 1.47 yuan per American depositary share (ADS), narrower than the 1.98 yuan per ADS it lost a year ago but wider than the 1.38 yuan per ADS loss for the fourth quarter that analysts had expected.

XPeng forecasts deliveries of 91,000 to 93,000 in the first quarter, more than quadruple the number of deliveries by the company in the year-ago period, with revenue expected to more than double year-over-year to 15 billion to 15.7 billion yuan. Analysts currently expect first-quarter revenue to come in at 15.28 billion yuan.

Other electric vehicle stocks like Tesla are also under pressure Tuesday after Chinese EV giant BYD announced a new charger it reportedly claimed can deliver 250 miles' worth of charge in roughly the same time it takes to fuel a gas-powered car.

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