Xpeng posts record 200 per cent jump in revenues, but China’s Covid-19 lockdowns to hit first-quarter deliveries

//Xpeng posts record 200 per cent jump in revenues, but China’s Covid-19 lockdowns to hit first-quarter deliveries

Xpeng posts record 200 per cent jump in revenues, but China’s Covid-19 lockdowns to hit first-quarter deliveries

Chinese smart electric vehicle start-up Xpeng Motors on Monday reported record quarterly revenues amid soaring demand for its cars, beating market expectations.But its delivery volume in this year’s first three months could fall below analysts’ estimates as Covid-19 outbreaks in major cities like Shanghai and Shenzhen dampen buyers’ enthusiasm and disrupt sales in March.Shanghai is currently in the midst of a lockdown, while the southern tech hub of Shenzhen exited one last week.Guangzhou-based…

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By | 2022-03-28T14:23:43+00:00 March 28th, 2022|Business|Comments Off on Xpeng posts record 200 per cent jump in revenues, but China’s Covid-19 lockdowns to hit first-quarter deliveries