XPeng sees better-than-expected quarterly revenue on new markets, cheaper SUVs
XPeng forecast first-quarter revenue of 15 billion yuan to 15.7 billion yuan, the midpoint of which is above analysts' average estimate of 14.86 billion yuan, according to data compiled by LSEG. Earlier this month, XPeng revealed its refreshed G6 and G9 SUVs at prices lower than their previous models. The new G6 starts at 176,800 yuan ($24,402), 11.6% lower than its predecessor, while the starting price of the G9 is 5.7% lower at 248,800 yuan, XPeng Chairman He Xiaopeng said at a press conference.