China's Xpeng bets on extended-range hybrid tech to boost sales
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Xpeng has introduced its extended-range hybrid technology, aiming to enhance sales and profitability by offering more cost-competitive products compared to pure electric vehicles.
November 06, 2024 | 8:30 am
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Xpeng has launched its extended-range hybrid technology, which is expected to boost sales and profitability by providing a more cost-effective alternative to pure electric vehicles.
The introduction of extended-range hybrid technology by Xpeng is a strategic move to capture a larger market share by offering more affordable options compared to pure EVs. This could lead to increased sales and improved profitability, positively impacting the stock price in the short term.
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