Xpeng Shares Crash on Widening Losses Despite Revenue Rebound

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BEIJING, August 18 (TiPost)— The American depositary receipts (ADRs) of Xpeng Inc. crashed as much as 9.2% in the morning trading after Tesla’s Chinese competitor released worse-than-expected quarterly earnings. ADRs of the electric vehicle (EV) maker settled about 4.3% lower to US$14.98, the lowest since July 21, underperforming the market on Friday.Credit：Visual ChinaXpeng posted total revenue of RMB5.0