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Chinese Electric Vehicle Maker Xpeng Narrows Loss in Q4, Will Launch Second Sedan in June

Mar 10, 2021
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Xpeng shipped 8,527 P7 EVs in the fourth quarter of 2020. (Source: Xpeng)

Chinese electric vehicle (EV) startup Xpeng reported better-than-expected fourth-quarter 2020 revenues on Monday and said it will launch a second sedan model before the end of June this year.

Revenue rose 346% year-over-year to 2.85 billion yuan ($437 million), exceeding market expe…

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