XPeng Expects Q1 Revenue of RMB5.8B-RMB6.2B, up by 43.8%-53.7% YoY Vs RMB10.22B Est, Vehicle Deliveries of 21K-22.5K, up by 15.2%-23.4% YoY
Portfolio Pulse from Benzinga Newsdesk
XPeng forecasts Q1 2024 revenue between RMB5.8B-RMB6.2B, marking a 43.8%-53.7% YoY increase, and vehicle deliveries of 21K-22.5K, up by 15.2%-23.4% YoY.
March 19, 2024 | 10:15 am
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XPeng anticipates Q1 2024 revenue between RMB5.8B-RMB6.2B and vehicle deliveries of 21K-22.5K, indicating significant YoY growth.
XPeng's forecasted revenue and vehicle delivery growth for Q1 2024 suggest a positive outlook for the company. The significant year-over-year increase in both revenue and deliveries indicates strong demand for XPeng's vehicles and operational efficiency. This positive business outlook is likely to instill investor confidence and could lead to a short-term uptick in XPEV's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100