Driven by record deliveries, Chinese electric vehicle (EV) maker XPeng Inc. (XPEV) delivered outstanding third quarter results despite the ongoing global semiconductor shortage. Both revenue and earnings exceeded expectations pushing shares up about 5% during pre-market trading at the time of writing. Outstanding Results XPeng’s total revenue grew a whopping 203% year-over-year to $887.72 million, significantly higher than the consensus estimates of $790.19 million. Furthermore, quarterly earnings stood at $0.27 per American Depositary Shares (ADS), exceeding consensus estimate of $0.18 per ADS. In the year ago quarter, the company posted earnings of $0.32 per ADS. During the quarter, the company delivered 25,666 vehicles, growing 199.2% year-over-year.
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XPeng (NYSE:XPEV)
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