XPeng: Q4 Net Profit, Leading Gross Margins, Cheap
2026-03-23 00:53:22 ET
Chinese electric vehicle maker XPeng ( XPEV ) reported better-than-expected earnings for its fourth quarter on March 20, 2026, which also highlighted the firm's first quarterly net profit on a GAAP basis in its history. The swing to a net profit signifies a major turnaround story for the company, and although XPeng did not succeed in driving margin gains on a quarter-over-quarter basis, I believe the setup here is pointing in the right direction for shareholders. Shares of XPeng are the most expensive in the Chinese EV start-up industry group, but I nonetheless see a risk profile that is skewed to the upside, mainly because of significant momentum in deliveries for the firm's EV products....
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XPeng: Q4 Net Profit, Leading Gross Margins, Cheap
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