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BYD, Xpeng and rivals race to shore up growth as investors turn skeptical

BYD, Xpeng and rivals race to shore up growth as investors turn skeptical

Chinese EV shares sink as latest earnings and forecasts fail to impress

20251118 xpeng

He Xiaopeng, chairman and CEO of Xpeng, introduces a model at an auto show in Munich in September. The Chinese EV maker’s fourth quarter forecast disappointed investors.

LORRETTA CHEN and WATARU SUZUKI

HONG KONG/SHANGHAI — China’s electric vehicle makers are rushing to boost sales and pave new avenues for growth before the end of the year, as they run head-on into stock market skepticism.