Risk and Reward: Strategies of Fearless Corporate Leaders
01/03/2025
No Comments
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
July 4, 2023: -On Monday, shares of Xpeng were higher in the U.S. after the Chinese electric vehicle maker said a quarterly return to growth for car deliveries, following more than a year of declines.
On Saturday, Xpeng said it delivered 23,205 cars in the double quarter of 2023, logging a 27% every quarter increase. This exceeded the company’s delivery forecast of amid 21,000 and 22,000 units. That was still lower than the 34,422 cars delivered in the previous year’s second quarter.
U.S.-listed shares of Xpeng counted about 2.3%.
Deliveries have been dropping each quarter since the first quarter of 2022 for Xpeng, as it struggled with a challenging macroeconomic environment in China and heightened competition from domestic rivals and from Tesla, which has been cutting prices in China to spur demand. That has also hurt Xpeng’s competitiveness.
Tesla’s strategy is working, with the company reporting global vehicle deliveries of 466,140 in the second quarter, beating analysts’ expectations.
Xpeng stated that deliveries in June alone totaled 8,620 cars, marking a 15% increase over May and the highest monthly delivery figure this year.
The Guangzhou, China-headquartered company said deliveries of its flagship P7 sedan surged 17% in June from May but did not give a specific unit figure.
Xpeng’s latest car, the G6 Ultra Smart Coupe SUV was established at the end of the second quarter, with deliveries beginning this month. Xpeng is hoping this will improve sales in the coming quarters.
Xpeng’s losses continue to widen, and competition is getting fiercer. Last month, Chinese EV start-up Nio made significant car price cuts.
Xpeng has been reorganizing its management structure and overhauling the company regarding the past few months, hoping to unlock growth.
Some of the company’s rivals have managed better. Li Auto delivered 32,575 vehicles in June, while its second-quarter figures totaled 86,533. Nio delivered 10,707 vehicles in June and 23,520 cars in the second quarter, not far ahead of Xpeng.
Therefore, Warren Buffett-backed automaker BYD delivered 253,046 unique energy vehicles, including battery and plug-in hybrids, in June alone, representing a 96% rise yearly.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
Corporate leaders often navigate turbulent waters where failure is not just a possibility but an inevitable part of the journey …
Corporate leaders play a pivotal role in shaping organizational cultures that embrace diversity and foster inclusivity. How can these …
Corporate leaders occupy a unique vantage point in the business world, offering insights and guidance shaped by their …
Corporate leaders today stand at the nexus of unprecedented technological evolution, where digital transformation reshapes industries and redefines …
Corporate leaders stand at the helm of their organizations, often tasked with making decisions that can steer their companies toward …
Panera Brands announced on Tuesday that José Alberto Dueñas, the company’s Chief Executive Officer, has stepped down from his position, effective immediately
Microsoft has announced plans to significantly increase its investments in AI-enabled data center infrastructure, with projected expenditures exceeding $80 billion in fiscal 2025.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
Merck, a leading global pharmaceutical company, has entered into a significant licensing agreement with a Chinese pharmaceutical …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you
