Chinese electric-car maker Xpeng Inc. reported a wider-than-expected quarterly loss as it struggles to ramp up deliveries amid intense competition in the world’s biggest EV market.
Guangzhou-based Xpeng posted a net loss of 2.8 billion yuan ($380 million) in the three months ended Jun. 30, according to a company statement Friday, more than the 2.1 billion yuan deficit estimated by analysts. It had a 1.77 billion-yuan loss in the same quarter a year ago.
