For Q4, XPeng Expects Vehicle Deliveries of 59.5K-63.5K, up by 101.2%-114.7% YoY, Revenue of RMB12.7B-RMB13.6B, up by 86.1%-99.3% YoY Vs $1.68B Est
Portfolio Pulse from Benzinga Newsdesk
XPeng Inc. forecasts Q4 vehicle deliveries to reach 59.5K-63.5K, a 101.2%-114.7% increase YoY. Revenue is projected to be RMB12.7B-RMB13.6B, up 86.1%-99.3% YoY, surpassing the $1.68B estimate.
November 15, 2023 | 10:09 am
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XPeng Inc. anticipates significant YoY growth in Q4 with vehicle deliveries and revenues expected to exceed estimates, indicating strong performance and potential market share gains.
XPeng's positive guidance for Q4 suggests a robust growth trajectory, which is likely to instill investor confidence and could lead to a short-term uptick in the stock price. The projected YoY increases in deliveries and revenue are substantial and exceed market expectations, which may result in a positive market reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100