<p>Chinese electric-vehicle maker Xpeng forecast a rise in second-quarter vehicle deliveries on Tuesday, saying it expects a boost to demand from lower prices and subsidies, sending its US-listed shares up 8 per cent in premarket trading.</p><p>The company said it expects to hand over between 29,000 and 32,000 vehicles, an increase of about 25 per cent to 37.9 per cent from the previous year.</p>.Renewables, EVs key to cool the earth.<p>Xpeng's forecast signals that heavy investments in new technology, including artificial intelligence and self driving, as well as promotions and discounts were paying off.</p><p>China is currently witnessing a boom in EV exports as foreign consumers look for more cost-effective options.</p><p>Xpeng also reported a gross margin of 12.9 per cent in the first quarter, compared with 1.7 per cent a year earlier.</p>
<p>Chinese electric-vehicle maker Xpeng forecast a rise in second-quarter vehicle deliveries on Tuesday, saying it expects a boost to demand from lower prices and subsidies, sending its US-listed shares up 8 per cent in premarket trading.</p><p>The company said it expects to hand over between 29,000 and 32,000 vehicles, an increase of about 25 per cent to 37.9 per cent from the previous year.</p>.Renewables, EVs key to cool the earth.<p>Xpeng's forecast signals that heavy investments in new technology, including artificial intelligence and self driving, as well as promotions and discounts were paying off.</p><p>China is currently witnessing a boom in EV exports as foreign consumers look for more cost-effective options.</p><p>Xpeng also reported a gross margin of 12.9 per cent in the first quarter, compared with 1.7 per cent a year earlier.</p>