XPeng (XPEV) - Get Report shares rose on Monday after the Chinese electric-car maker posted a narrower fourth-quarter loss and vehicle deliveries that beat its own expectations amid stronger consumer demand for electric cars, particularly in China.
XPeng said it lost 787.4 million yuan ($121 million) in the fourth quarter vs. a loss of 997.1 million yuan in the same period a year ago. On a per-depositary-share basis, Xpeng lost an adjusted RMB0.95 vs. RMB6.28 per ADS a year ago.
The Guangzhou-based electric carmaker, which went public in August, reported soaring car sales for the quarter, with total revenue jumping almost 350% to 2.85 billion yuan and total vehicle deliveries rising three-fold.
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