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Benzinga
Benzinga
Business
Rachit Vats

FOUND: Tesla nio rival xpeng is targeting 25 gross margin key takeaways from q4 earnings call - What They Never Told You

Xpeng Inc (NYSE: XPEV) co-founder and CEO He Xiaopeng said on Monday the electric vehicle maker is targeting a gross margin of 25% or more in the medium and long term.

What Happened: Xpeng’s gross margin, a closely followed metric, fell to 12% in the fourth quarter from 14.4% for the third quarter on higher costs related to supply chain issues and rising commodity prices.

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