The Chinese electric carmaker's troubles continued with Friday results showing a wider-than-expected loss in the second quarter.
A Xpeng P7 electric car is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 20, 2020 in Guangzhou, Guangdong Province of China.were down more than 6% in pre-market U.S. trade, as the Chinese electric carmaker's troubles continued with Friday results showing a wider-than-expected loss in the second quarter.Here's how the company did versus Refinitiv consensus estimates for the second quarter:5.
Xpeng was operating in a weak Chinese economy with depressed consumer spending, while at the same time facing cut-throat competition in China from other upstarts like
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