Understanding the market | XPeng Motors-W fell more than 7% and will release first-quarter performance after hours, with multiple price cuts since the beginning of this year
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XPeng Motors-W's stock price has dropped by over 7%, closing at HKD 31.85 as of the time of publication, with a turnover of HKD 4.05 billion. The company is about to release its first-quarter performance, with expected growth in delivery volume and revenue. Despite multiple price cuts this year, XPeng Motors has not yet exceeded ten thousand units in sales. CICC International predicts that the company's gross profit margin will remain in the low single digits by 2024, mainly due to intense price competition
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