Xpeng forecasts a challenging Q3, expecting lower EV revenue despite an anticipated delivery of 41,000 to 45,000 vehicles, highlighting fierce competition.
Despite missing previous sales estimates, Xpeng improved its gross margins significantly from 1.1% to 14% in Q2, thanks to collaborations and technical enhancements.
Xpeng plans to introduce a lineup of affordable EVs over the next three years, with prices between $14,000 and $56,000 to penetrate the Chinese market.
The collaboration with Volkswagen is crucial for Xpeng, focusing on mid-sized SUVs to be exclusively marketed in mainland China, enhancing their competitive stance.
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