{"id":131340,"date":"2026-03-22T11:09:03","date_gmt":"2026-03-22T14:09:03","guid":{"rendered":"https:\/\/automotive.einnews.com\/article\/901078799"},"modified":"2026-03-22T11:09:03","modified_gmt":"2026-03-22T14:09:03","slug":"xpeng-forecasts-weak-q1-revenue-on-competition-slow-demand","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/03\/22\/xpeng-forecasts-weak-q1-revenue-on-competition-slow-demand\/","title":{"rendered":"Xpeng forecasts weak Q1 revenue on competition, slow demand"},"content":{"rendered":"
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Electric vehicle maker Xpeng <\/span>forecast first-quarter revenue below market estimates on Friday, hit by intense price competition and slowing demand in China.<\/span><\/p>\n

The weak forecast took the shine off its maiden<\/span> quarterly profit and sent the automaker\u2019s <\/span>US shares down nearly 5%<\/span> in morning trading.<\/p>\n

The Chinese government\u2019s pullback in subsidies to rein in deep discounting after years of rapid growth has hurt demand in the world\u2019s largest auto market, and also affected rivals such as NIO and BYD.<\/span><\/p>\n

Last month, China\u2019s new electric and plug-in hybrid car registrations fell \u200b32%, <\/span>data from consultant Benchmark Mineral Intelligence showed.<\/span><\/p>\n

To counter domestic weakness, Xpeng <\/span>is expanding aggressively overseas and said on Friday it would <\/span>launch EVs for the Latin American market later this month. However, its push into Europe faces challenges due to tighter rules on foreign investment.<\/span><\/p>\n

The company expects revenue between <\/span>12.20 billion yuan and 13.28 billion yuan ($1.77 billion and $1.93 billion) for the quarter ending March 31<\/span>, below analysts\u2019 average estimate of 17.38 billion yuan, according to data compiled by LSEG.<\/p>\n

Vehicle deliveries are <\/span>expected to decline between 29.8% and 35.1% during the <\/span>period.<\/p>\n

\u201cXPeng<\/span>\u2018s sales growth this year may depend on new models\u2014particularly the Mona D02\u2014as well as incremental growth from overseas markets,\u201d Third Bridge analyst Rosalie Chen said.<\/p>\n

For the October-December quarter, Xpeng<\/span>\u2018s higher<\/span>-margin P7 sedan helped drive a <\/span>30% jump in sales to <\/span>19.07 billion yuan.<\/p>\n

The EV maker has also been <\/span>trying to license its technology to other automakers and rebrand itself as a \u201cphysical AI\u201d company. The strategy has led to a tie-up with Volkswagen VOWG.DE<\/span>, which will develop new EVs in China using Xpeng<\/span>\u2018s technology.<\/p>\n

Xpeng <\/span>posted a profit of 383.21 million yuan, compared with a 1.33 billion yuan loss a year ago. Revenue rose to 22.25 billion yuan in the fourth quarter, exceeding estimates of 22.13 billion yuan.<\/p>\n

Reuters<\/strong><\/p>\n<\/article>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… maiden\u00c2\u00a0quarterly profit and sent the\u00c2\u00a0automaker<\/span>\u00e2\u0080\u0099s\u00c2\u00a0US shares down nearly … license its technology to other automakers<\/span> and\u00c2\u00a0rebrand\u00c2\u00a0itself as a \u00e2\u0080\u009cphysical …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-131340","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/131340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=131340"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/131340\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=131340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=131340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=131340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}