XPeng, Inc. ADR (XPEV) has released an update.
XPeng Inc. reports a significant year-over-year growth with vehicle deliveries increasing by 25.6% and total revenues up by 61.2% for the first half of 2024 compared to the same period in 2023. The company has expanded its sales and charging networks, and launched new high-level ADAS functionality vehicles at competitive prices. Despite the revenue growth, XPeng still posted a net loss, though it was reduced from RMB5.14 billion in 2023 to RMB2.65 billion in 2024.
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