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Xpeng Motors Banks on Volkswagen Deal and Cost Cuts to Revive Its Fortunes
Chinese EV company Xpeng Motors (NYSE: XPEV) which posted a record net loss of 2.8 billion yuan in Q2 2023 has said that its partnership with auto giant Volkswagen and continued cost cuts would help it narrow losses. While Xpeng Motors posted revenues in line with analysts’ estimates, its Q2 losses were wider than expected...
Xpeng Motors Banks on Volkswagen Deal and Cost Cuts to Revive Its Fortunes
Chinese EV company Xpeng Motors (NYSE: XPEV) which posted a record net loss of 2.8 billion yuan in Q2 2023 has said that its partnership with auto giant Volkswagen and continued cost cuts would help it narrow losses. While Xpeng Motors posted revenues in line with analysts’ estimates, its Q2 losses were wider than expected...
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