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XPeng (XPEV) Stock Gains After Q3 Revenue Beats Expectations

Updated: 23 Nov 2021

XPeng (NYSE: XPEV) announced an earnings per share of -$0.27 before the bell on Tuesday, with revenue coming in at $887.7 million. 

The numbers reported were against an anticipated EPS of -$0.18 and revenue of $790.19 million.

Despite the earnings miss, XPeng shares have gained on the revenue beat, rising 4.3% to $49.46.

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Quarterly vehicle deliveries reached 25,666, a 199.2% increase year-over-year.

He Xiaopeng, Chairman and CEO of XPeng, said: “In the third quarter, we continued record-setting growth with the highest vehicle deliveries among China’s startup new energy vehicle automakers. This outperformance testifies to the market’s recognition of the differentiated value our vertically integrated in-house developed software and hardware bring to our vehicles.”

For the fourth quarter of 2021, XPeng expects vehicle deliveries to be between 34,500 and 36,500, representing a year-over-year increase of approximately 166.1% to 181.5%.

Furthermore, total revenues are expected to be between RMB7.1 billion and RMB7.5 billion, representing a year-over-year increase of about 149.0% to 163.0%.

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