Chinese EV maker Xpeng to break even later next year, president says

An Xpeng X9 EV at a showroom at the company's headquarters in Guangzhou, China. (Qilai Shen/BLOOMBERG)

November 20, 2024 05:10 PM

SHANGHAI — Chinese electric car maker Xpeng is expected to break even sometime later in 2025, its President Brian Gu said, betting that strong demand for its new models and expanding into new overseas markets will improve its profitability.

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Chinese EV maker Xpeng to break even later next year, president says

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