Chinese EV maker Xpeng Q4 net loss narrows 42% y/y

Reuters2021-03-08

BEIJING, March 8 (Reuters) - Chinese electric vehicle $(EV)$ maker Xpeng Inc said on Monday its net loss in the fourth quarter last year narrowed 42% compared with the same period in 2019, as EV sales increased in the world's biggest car market.

New York-listed Xpeng said its net loss attributable to ordinary shareholders was 787.4 million yuan ($120.7 million) for the fourth quarter of 2020, compared with 1,354.6 million for the same period of 2019.

The maker of the P7 sedan and the G3 sport-utility vehicle is planning to build a third car plant in China. Xpeng, which sells mainly in China and competes with Tesla Inc and Nio Inc , delivered 12,964 vehicles in the last three months of 2020.

($1 = 6.5292 Chinese yuan renminbi)

(Reporting by Yilei Sun and Brenda Goh, editing by Louise Heavens)

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精彩评论

Jazling
2021-03-09
Jazling
Comment pls
- Gibbie:
  comment
SHAUN
2021-03-09
SHAUN
Better than expected earnings
w8w8
2021-03-08
w8w8
Why it haven't gone bankrupt?
川姐
2021-03-08
川姐
:(
PK888
2021-03-08
PK888
[流泪]
Fei2
2021-03-08
Fei2
Good opportunity

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