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China EV giant XPeng to buy rival for more than $740M

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XPeng Reports $1.33B Loss in 2022

On March 17, Chinese electric vehicle manufacturer XPeng released its previous year-end financial report. Its total revenue for 2022 was 26.86 billion yuan ($3.89 billion), representing a 28% increase from the previous year. Its revenue for Q4 was 5.14 billion yuan ($750 million), down 39.9% compared to the same period in the previous year. XPeng‘s

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