Advertisement
UK markets closed
  • NIKKEI 225

    38,923.03
    +435.13 (+1.13%)
     
  • HANG SENG

    18,403.04
    +323.43 (+1.79%)
     
  • CRUDE OIL

    74.15
    -2.84 (-3.69%)
     
  • GOLD FUTURES

    2,369.90
    +24.10 (+1.03%)
     
  • DOW

    38,390.87
    -295.45 (-0.76%)
     
  • Bitcoin GBP

    54,164.27
    +1,065.02 (+2.01%)
     
  • CMC Crypto 200

    1,448.46
    -19.48 (-1.33%)
     
  • NASDAQ Composite

    16,752.35
    +17.33 (+0.10%)
     
  • UK FTSE All Share

    4,517.03
    -0.05 (-0.00%)
     

XPeng Stock Jumps on Earnings. There’s Hope for China EVs.

XPeng Stock Jumps on Earnings. There’s Hope for China EVs.

XPeng stock rose Tuesday after the Chinese electric-vehicle maker reported better-than-expected first-quarter numbers. A year ago, XPeng reported a per-share loss of 38 cents on sales of $573 million. Quarterly gross profit margins were about 13%, up about 11 percentage points year over year and about two percentage points better than analysts’ forecasts.