Chinese electric vehicle company XPeng Inc (NYSE:XPEV) looks to win back over investors with shares down 20% in the last year when the company reports fourth-quarter financial results Friday before market open.
• XPeng stock is building positive momentum. What’s pushing XPEV stock higher?
Recent Delivery Declines
Analysts expect XPeng to report fourth-quarter revenue of $3.32 billion, up from $2.21 billion in the prior year’s fourth quarter, according to Benzinga Pro.
While revenue growth could be a positive, the company may have to answer for recent vehicle sales declines.
In January, the company sold 20,011 vehicles, down 34% year-over-year. The decline came with the company growing its global presence.
XPeng …