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Reuters

Reuters

Technology

Technology

XPeng sees better-than-expected quarterly revenue on new markets, cheaper SUVs

Reuters
Summary
Nutrition label

79% Informative

Chinese electric vehicle maker XPeng (XPEV) on Tuesday forecast first-quarter revenue above estimates.

China has a hyper-competitive EV market where carmakers try to undercut the competition by offering a bevy of features at a much lower cost than their Western counterparts.

The Guangzhou -based company expects to deliver between 91,000 and 93,000 vehicles in the first quarter .

VR Score

91

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98

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54

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formal

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English

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46

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not hateful

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not detected

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short-lived

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