Chinese Tesla rival Xpeng tanks 12% after wider-than-expected loss and weak car delivery guidance - CNBC

Xpeng said it expects to deliver between 29,000 and 31,000 electric vehicles in the third quarter, lower than what the market had expected.

Xpeng's Hong Kong-listed shares plunged more than 12% Wednesday after the Chinese electric vehicle maker reported a wider-than-expected loss for the second quarter and weak guidance on deliveries. O… [+1931 chars]

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