Chinese EV company Xpeng shares surge 13% after forecasting growth in car deliveries
Publishing timestamp: 2024-05-21 23:03:45
Summary
Xpeng's shares soar after reporting improved profit margin and upbeat outlook for second-quarter deliveries. The company's vehicle margin rose 5.5% in the first three months of the year, and they forecast deliveries of 29000 to 32000 cars in the second quarter. Xpeng is also expanding its product lineup with a lower-cost vehicle brand called Mona.
Sentiment: POSITIVE
Keywords: breaking news: technology, autos, xpeng inc, markets, stock markets, market insider, business news, technology,