XPeng Pushes Profit Target Back: What To Know

Feb. 06, 2023 4:09 AM ETXPeng Inc. (XPEV)2 Comments


  • XPeng has pushed back its target to reach operating profitability until 2025 after previously looking to break even in 2023 or 2024.
  • XPeng is prioritizing the development of its NGP system, seeing a massive market opportunity for autonomous driving systems.
  • With a lofty delivery target for 2023 and increased R&D spending in the cards, XPeng may still struggle to reach that operating profit target.

Xpeng electric car store

Robert Way

Chinese EV manufacturer XPeng (NYSE:XPEV) recently shifted back its profit target by another year, now targeting an operating break-even in 2025 as the OEM focuses on building out its Navigation Guided Pilot over the next 24 months. XPeng

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