Chinese electric vehicle (EV) manufacturer Xpeng is facing a significant slowdown in demand, with the company now projecting quarterly revenue below analyst estimates. The projection comes as a major blow to investors who had been expecting a strong performance from the EV maker. Xpeng's woes are part of a broader trend of declining EV sales in China, where the government's efforts to promote sustainable energy have been offset by a weakening economy and rising consumer prices. As the EV market continues to evolve, Xpeng's ability to adapt and maintain its market share will be closely watched by investors and industry experts.
Xpeng projects quarterly revenue below estimates on weak EV demand Reuters
