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Xpeng Issues Weak Forecast Amid China EV Competition

Chinese electric vehicle maker Xpeng projected third-quarter revenue below Wall Street estimates. The disappointing outlook reflects intense domestic price competition and weak consumer demand.

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FILE PHOTO: A sign of Xpeng is seen on Xpeng's new flagship SUV GX, after a launch event for the car, in Beijing, China May 20, 2026. REUTERS/Tingshu Wang/File Photo

XPENG INC - ADR projected third-quarter revenue below Wall Street forecasts on Monday, missing analyst estimates by up to $4.9B. The shortfall underscores intensifying price competition across China as domestic car sales decline. The company's U.S.-listed shares fell 3.1% in premarket trading on Monday morning.
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