Xpeng shares rise, adding to 66% rally after the Chinese EV maker's losses narrowed
1. Xpeng exceeded Q1 revenue expectations, showing 141.5% year-on-year increase. 2. Net loss of 660 million yuan was better than anticipated by analysts. 3. Xpeng forecasts Q2 revenue between 17.5 billion to 18.7 billion yuan. 4. Vehicle deliveries expected to grow significantly, up to 108,000 units in Q2. 5. Xpeng faces increased competition from companies like BYD and Xiaomi.