Xpeng Posts Maiden Quarterly Profit on Tech Partnership
Xpeng reported a quarterly profit of 383.21 million yuan, its first ever. Strong sales of premium models and tech fees from Volkswagen drove the turnaround.
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The electric vehicle manufacturer China's Xpeng has reported its first-ever quarterly profit, driven by strong sales of high-margin models and strategic technology partnerships. The company posted a net profit of 383.21 million yuan for the fourth quarter, a significant turnaround from the 1.33 billion yuan loss recorded during the same period in the previous year.
