China's Xpeng posts first profit on high-margin EV sales
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Published on March 20, 2026.
Chinese car manufacturer Xpeng has made its first profit on high-demand EV sales, with a 30% increase in vehicle sales to 19.07 billion yuan ($2.77 billion) in the October-December period. The company has been trying to license its technology to other automakers and rebrand itself as a "physical AI" company. This strategy has led to a tie-up with Volkswagen (VOW.
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