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XPENG-W Projects 2Q Overall GM to Be QoQ Flat; Overseas Mkt Performance to Accelerate Over Next 3 Yrs
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XPENG-W (09868.HK) Vice President of Finance and Accounting Wu Jiaming said the group's overall gross margin in 1Q26 was broadly flat compared with 4Q25. In the meantime, soaring prices of memory chips and increasing battery raw material costs have created certain cost pressures for the group, with part of the impact already reflected in 1Q26. The related cost factors are expected to continue to be reflected in subsequent quarters this year. He Xiaopeng, Co-founder, Chairman and CEO of XPENG-W, added that following the launch of four global models in 2H26, the company believes its globalization pace will accelerate noticeably in 2027 and 2028, and he expressed strong confidence in this outlook. Previously, the group had only two vehicle models. This year, the group's R&D investment in the automotive segment is primarily focused on overseas markets. He also expressed strong confidence that overseas market performance will accelerate over the next three years. AASTOCKS Financial News |
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