Les actions de Xpeng chutent de 7% après que la société EV affiche une perte au deuxième trimestre 2 pire que le premier trimestre
Xpeng shares fell because the companys loss increased in Q2 2023. However, deliveries and revenue are still looking good even for Q3. Shares of Chinese electric vehicle Xpeng Inc (HK: 9868) fell over 7% after the company announced disappointing figures for Q2 2023. Xpeng reported a loss of 2.8 billion yuan, higher than the 2.7 billion yuan recorded in Q1. It is also the companys largest quarterly loss since its August 2020 US initial public offering (IPO). Xpeng reported figures primarily affected by a falling economy in China, which has significantly reduced consumer spending. In addition to this, Xpeng has faced stiff competition from other EV companies throughout Q2. Competitors include BYD, Tesla, Li Auto, and Nio. The competition is also getting stiffer as the Elon Musk-led Tesla reduced the prices of its Model S and Model Y vehicles. Tesla cut two Chinese versions of the Model Y by about 14,000 yuan, or $2,000. The different versions cost 349,000 and 299,000 yuan. Tesla has cut prices of its vehicles more than a few times to boost sales. In Japan, the company cut prices for Model Y and Model 3 by about 4% and 3%, respectively. Xpeng also said its revenue for Q2 2023 was
