China's Xpeng eyes higher Q2 deliveries as discounts boost EV demand

China's Xpeng eyes higher Q2 deliveries as discounts boost EV demand

REUTERS/Tingshu Wang/Files

Xpeng said it expects deliveries to rise in the second quarter as price cuts draw in more buyers to its electric vehicles in the competitive Chinese market, sending its U.S.-listed shares 6% higher in premarket trading on Tuesday.