"XPeng's Cost-Cutting Measures Lead to Positive Margins and Revenue Growth"

XPeng Inc reported a fourth-quarter loss due to cost cuts that led to margin improvements, with a net loss of $190 million and a 170.9% YoY growth in vehicle deliveries. The company provided a muted EV delivery guidance amid economic and demand slowdown, similar to Tesla's warning of a potential slowdown in vehicle volume growth. XPeng and Tesla are both launching affordable EV models in response to rising competition and a weakening macroeconomic backdrop. XPeng's new affordable EV, equipped with AI features, will be priced between $14,000 and $21,000 and is set to launch next month, while Tesla's compact EV model is planned for production in mid-2025.