XPeng

This Chinese EV Brand Just Reported Its First-Ever Quarterly Profits

On Friday, the Chinese electric vehicle company XPeng reported its first-ever quarterly profit. XPeng currently makes a variety of EV models, but has long had ambitions to move past car sales into robotaxis and other autonomous vehicles, much like Tesla. Analysts had been expecting XPeng to trim quarterly losses to just $2.8 million, according to FactSet.