XPeng’s Losses Widened as Higher Costs Offset Jump in Car Sales

XPeng’s losses widened in the third quarter, even as vehicle sales jumped and the Chinese electric-car maker forecast a near-doubling of revenue in the final quarter of the year.

The Guangzhou, China-based startup said Wednesday that it expects to deliver more than 59,000 vehicles in the fourth quarter—more than twice the amount it sold a year ago—and guided for an 86%-99% rise in total revenue to between 12.7 billion yuan ($1.75 billion) and CNY13.6 billion.