BUZZ-Xpeng's president expects to break even later in 2025, US-listed shares rise

Reuters11-20 18:11

** U.S.-listed shares of Chinese electric-vehicle maker Xpeng rise 2% to $12.77 premarket

** Xpeng's president Brian Gu says co is expected to break even sometime later in 2025, betting on strong demand for its new models and a steady overseas expansion to improve its profitability

** Co's investment in AI technologies, including computing power and software development will grow steadily next year to be a "large chunk" of its overall R&D spending, Gu says in an interview with Reuters

** Xpeng also in discussions with "dozens" of players in the auto industry on smart driving collaboration, he adds

** As of last close, stock was down 14.2% YTD

(Reporting by Sukriti Gupta in Bengaluru)

((Sukriti.Gupta@thomsonreuters.com;))

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