Скачать или смотреть China's Xpeng falls on dull forecast as EV price war takes toll

...Source: https://www.reuters.com/business/auto... Transcript: According to Reuters, Chinese electric vehicle maker Xpeng is expecting lower third-quarter revenue. This projection is lower than analysts' expectations and the news sent the company's US-listed shares down by 7%. The low forecast is attributed to weak demand in China and intense competition following price cuts by Tesla and other local manufacturers. Xpeng's revenue for the second quarter decreased by 32%, matching estimates. However, their gross margins turned negative due to inventory writedowns related to their G3i crossover sports utility vehicle. The company expects gross margins to recover gradually while improving operating efficiency and substantially enhancing free cash flow.