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

Source: investors.com investors.com

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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...