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China EV maker XPeng pops 45% despite posting wider than expected loss; deliveries expected to fall

Por: CNBC Business November 30, 2022

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In this articleXPeng has been dealing with rising material costs, which forced the company to hike the price of its cars earlier this year.Chen Yihang Visual China Group Getty ImagesChinese electric carmaker posted a wider-than-expected loss and its revenue fell short of expectations — thanks to supply chain issues, rising competition and a tougher macroeconomic environment.However, Xpeng shares jumped 45% in the United States as the company... + full article



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