XPeng (HKG:9868) narrowed its third-quarter net loss by 54% to 1.81 billion yuan from 3.89 billion yuan in the year-ago period, a Tuesday bourse filing said.
The Chinese electric vehicle maker's loss per share fell to 0.95 yuan from 2.25 yuan a year prior.
Quarterly revenue rose 18% to 10.1 billion yuan from 8.53 billion yuan a year earlier, as XPeng's vehicle deliveries jumped 16.3% year over year to 46,533 units.
Shares of the company closed over 3% higher on Tuesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments