Manila Times Business
Xpeng projects quarterly revenue below estimates on weak EV demand
CHINESE Electric vehicle (EV) maker Xpeng on Thursday forecast second-quarter (Q2) revenue below market expectations, underscoring a prolonged slowdown in demand and stiff competition in the Chinese EV market. Domestic car sales in China fell for a seventh straight month in April, with industry estimates showing that EV and plug-in hybrid sales growth were likely to slow in 2026 after years of rapid expansion. Chinese EV makers are still betting on advanced driver-assistance systems, feature-ric
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