XPeng forecasts quarterly revenue above estimates
Chinese electric vehicle maker XPeng forecasts fourth quarter revenue above Wall Street estimates, thanks to new car models and improving domestic market. XPeng is seeing steady demand for its MONA M03 mid-sized sedan, with over 10,000 units delivered for the second straight month in October. The company expects fourth quarter revenue between 15.3 billion yuan and 16.2 billion yuan, compared with analysts' average estimate of 14.77 billion yuan. Revenue for the third quarter ended Sept. 30 was 10.10 billion yuan, beating estimates of 9.77 billion yuan.