XPeng forecasts quarterly revenue above estimates
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XPeng, a Chinese electric vehicle maker, has forecasted its fourth-quarter revenue to exceed Wall Street estimates, driven by new car models and a strengthening domestic market.
November 19, 2024 | 10:00 am
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XPeng has forecasted its fourth-quarter revenue to surpass Wall Street expectations, attributed to the launch of new car models and a robust domestic market.
XPeng's announcement of expected revenue exceeding estimates is likely to positively impact its stock price in the short term. The introduction of new car models and a strong domestic market are key factors contributing to this optimistic forecast, suggesting potential growth and increased investor confidence.
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