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BUSINESS MANAGEMENT ANALYSIS

Chinese electric car company Xpeng predicts chip shortage will last another quarter

Chinese electric car company Xpeng predicts chip shortage will last another quarter

Key Points "What we've seen is that this tight situation will continue for the next quarter or so," said Brian Gu, vice chairman and president of Xpeng. Xpeng's U.S.-listed shares fell nearly 4.9% in Thursday's trading session despite the start-up reporting greater-than-expected revenue in the first quarter. The company noted first-quarter results were helped...

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Arjun Kharpal Brian Gu China Chinese P5 Xpeng

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