XPeng forecasts quarterly revenue above estimates

Reuters11-19 17:50

Nov 19 (Reuters) - Chinese electric vehicle maker XPeng

forecast fourth quarter revenue above Wall Street estimates on Tuesday, thanks to new car models and improving domestic market.

XPeng is seeing a steady demand for its MONA M03 mid-sized sedan, having delivered more than 10,000 units for the second straight month in October.

MONA M03 competes with BYD's Seagull and Dolphin and the higher-priced Tesla Model 3, and was launched in a bid to grab market share from BYD , Nio , and Tesla

XPeng expects fourth quarter revenue between 15.3 billion yuan and 16.2 billion yuan, compared with analysts' average estimate of 14.77 billion yuan, according to data compiled by LSEG.

Revenue for the third quarter ended Sept. 30 was 10.10 billion yuan ($1.39 billion), beating estimates of 9.77 billion yuan.

($1 = 7.2434 Chinese yuan renminbi)

(Reporting by Rishi Kant and Jaspreet Singh in Bengaluru)

((Rishi.Kant@thomsonreuters.com;))

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XPeng is seeing a steady demand for its MONA M03 mid-sized sedan, having delivered more than 10,000 units for the second straight month in October.   MONA M03 competes with BYD's Seagull and Dolphin and the higher-priced Tesla Model 3, and was launched in a bid to grab market share from BYD   , Nio   , and Tesla .   XPeng expects fourth quarter revenue between 15.3 billion yuan and 16.2 billion yuan, compared with analysts' average estimate of 14.77 billion yuan, according to data compiled by LSEG.   Revenue for the third quarter ended Sept. 30 was 10.10 billion yuan , beating estimates of 9.77 billion yuan. 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Revenue for the third quarter ended Sept. 30 was 10.10 billion yuan ($1.39 billion), beating estimates of 9.77 billion yuan.($1 = 7.2434 Chinese yuan renminbi) (Reporting by Rishi Kant and Jaspreet Singh in Bengaluru)((Rishi.Kant@thomsonreuters.com;))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484918048"}