XPeng Inc ADR
XPEV: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| YMw | LOCK|#qp | LOCK|$%N@d!< |
XPeng Earnings: Soft Vehicle Margins Led to Profit Miss; Volume Outlook Disappoints
XPeng's second-quarter revenue was at the low end of guidance. Vehicle margin was largely flat sequentially but narrowed to 12% from 14% a year ago, which we attribute to higher raw material costs and retail discounts ahead of next-generation model launches.
