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Electric-Car Maker Xpeng Says Autonomous Driving Software Will Be Sustained Source of Profit

2021年05月18日 09:17 来源于 财新网
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The automaker saw its stock surge last week on narrowing losses, booming vehicle sales
An Xpeng P7 all-electric sedan sits on display in Shanghai on Jan.1. Photo: VCG

One of Tesla’s Chinese rivals, Xpeng Inc., saw its stock price surge 9% after it reported narrowing losses, strong gains in deliveries and a growing focus on self-driving software.

The electric-car maker booked a net loss of 786.6 million yuan ($120.1 million) in the first quarter, compared with a net loss of 935.1 million yuan in the same period last year, according to the company’s latest earnings report released Thursday. The New York-listed stock surged 9.18% to $25.70 at closing Friday.

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