XPeng’s Earnings Show Chinese EV Companies Are Maturing

 XPeng’s Earnings Show Chinese EV Companies Are Maturing

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https://www.barrons.com/articles/xpeng-earnings-stock-wall-street-analysts-51630075199


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Chinese electric vehicle maker XPeng reported better-than-expected sales and earnings Thursday. The stock didn’t do much, though–fluctuating between small gains and losses. It’s a sign that investors and analysts are getting used to reports from fast-growing EV makers.

XPeng (ticker: XPEV) reported $582 million in second-quarter sales. Analysts projected $552 million in sales. What’s more, XPeng expects sales to grow to $756 million in the third quarter.

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