XPeng expects revenue in Q1 to shrink by 46%

Chinese EV startup XPeng said in an HKEX notice on Friday that its deliverance of cars in Q1 is about 19,000 units, down 45 percent year on year. Its Q1 revenue is expected to shrink as much as 46.3 percent to 4.2 billion yuan (US$609.8 million, HK$4.79 billion).