XPeng's Margins Turned Positive As A Result Of Cost Cuts - XPeng (NYSE:XPEV)

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XPeng's Margins Turned Positive As A Result Of Cost Cuts - XPeng (NYSE:XPEV)

XPeng Inc (NYSE: XPEV) delivered a less-than-feared fourth quarter loss due to cost cuts that brought margin improvements. However, the China-based EV maker provided a muted EV delivery guidance amid the economic and demand slowdown, joining the EV king Tesla Inc (NASDAQ: TSLA) who also warned of a slowdown by stating this year’s vehicle volume growth could be “notably lower” compared to last year. Both Tesla and XPeng confirmed the launch dates…