Xpeng is expected to post a 126 per cent jump in revenue to 13.95 billion yuan this year, but still end up losing money. Photo: Iris Ouyang Xpeng is expected to post a 126 per cent jump in revenue to 13.95 billion yuan this year, but still end up losing money. Photo: Iris Ouyang
Xpeng is expected to post a 126 per cent jump in revenue to 13.95 billion yuan this year, but still end up losing money. Photo: Iris Ouyang
Electric cars
Business /  Banking & Finance

China electric cars: Tesla’s missed target draws investors to home-grown EV makers NIO, Xpeng and LiAuto in search of value

  • NIO and Li Auto will post profit this year, while losses will widen at Xpeng, according to Morgan Stanley
  • China’s EV start-ups are likely to see sales rise this year, but analysts warn intensifying competition, price cuts could quickly alter the landscape

Topic |   Electric cars
Daniel Ren
Daniel Ren in Shanghai

Updated: 9:58pm, 1 Feb, 2021

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Xpeng is expected to post a 126 per cent jump in revenue to 13.95 billion yuan this year, but still end up losing money. Photo: Iris Ouyang Xpeng is expected to post a 126 per cent jump in revenue to 13.95 billion yuan this year, but still end up losing money. Photo: Iris Ouyang
Xpeng is expected to post a 126 per cent jump in revenue to 13.95 billion yuan this year, but still end up losing money. Photo: Iris Ouyang
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