XPeng Earnings Due As China EV Stocks Enter The ‘Knockout Round’

XPeng (XPEV) prepares to report earnings for the fourth quarter early Tuesday as the China EV price war intensifies. XPeng stock gained Monday and Li Auto (LI) sank. X Last month, XPeng announced a hiring and spending spree to survive what it describes as a “bloody sea” of EV competition. It also announced plans for about 30 new or revised models within three years. Over the weekend, the EV startup said it will launch a cheaper brand for global markets. XPeng Earnings Estimates: Analysts expect the China EV startup to lose 41 cents per American depositary share, slightly wider than…