US Stock Market News | Q1 gross profit margin increased to 12.9%, XPeng surged over 13%
On Tuesday, XPeng's stock price rose, with the stock up over 13% to $9.375 as of the time of publication. The financial report shows that XPeng's revenue in the first quarter was RMB 6.55 billion, better than the market's estimated RMB 6.11 billion, a year-on-year increase of 62.3% but a quarter-on-quarter decrease of 49.8%. The gross profit margin has increased, with a quarterly gross profit margin of 12.9%, up 11.2 percentage points year-on-year and up 6.7 percentage points quarter-on-quarter, exceeding expectations. Other new energy vehicle stocks had mixed performance, with Nio up over 1%, Tesla up over 2.3%, and Li Auto down over 3.6%
According to the Wise Finance app, on Tuesday, XPeng Motors (XPEV.US) saw its stock price rise, with the stock up over 13% to $9.375 at the time of writing. The financial report shows that XPeng Motors' revenue in the first quarter was 6.55 billion RMB, better than the market's estimated 6.11 billion RMB, a year-on-year increase of 62.3% but a quarter-on-quarter decrease of 49.8%. The gross profit margin has increased, with a quarterly gross profit margin of 12.9%, up 11.2 percentage points year-on-year and up 6.7 percentage points quarter-on-quarter, exceeding expectations.
Other new energy vehicle stocks had mixed performances, with Nio (NIO.US) up over 1%, Tesla (TSLA.US) up over 2.3%, and Li Auto (LI.US) down over 3.6%