Category: LowerThanExpected
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XPeng projects lower-than-expected Q3 revenue on stiff competition By Reuters
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(Reuters) – China’s Xpeng Inc (NYSE:XP) forecast third-quarter revenue below expectations and missed second-quarter sales estimates on Tuesday, hurt by stiff competition and weaker demand for its aging lineup of expensive electric vehicles. The company, however, expects to deliver between 41,000 and 45,000 vehicles in the third quarter, slightly more…