{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/electric-car-maker-xpeng-says-autonomous-driving-software-will-be-sustained-source-of-profit/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"Electric-Car Maker Xpeng Says Autonomous Driving Software Will Be Sustained Source of Profit","slug":"electric-car-maker-xpeng-says-autonomous-driving-software-will-be-sustained-source-of-profit","createdLocal":"2021-05-17 14:30:55.387258","publishDate":"2021-05-17 00:00:00","feedName":"Autonomous Vehicle News","sourceUrl":{"sourceUrl":"https://www.caixinglobal.com/2021-05-17/electric-car-maker-xpeng-says-autonomous-driving-software-will-be-sustained-source-of-profit-101714099.html"},"postSummary":{"childMarkdownRemark":{"html":"<p>One of Tesla’s Chinese rivals, Xpeng Inc., saw its stock price surge 9% after it reported narrowing losses, strong gains in deliveries and a growing focus on self-driving software.\nThe electric-car maker booked a net loss of 786.6 million yuan ($120.1 million) in the first quarter, compared with a net loss of 935.1 million yuan in the same period last year, according to the company’s latest earnings report released Thursday.\nXpeng’s revenue skyrocketed 616.1% to 3 billion yuan from last year, nearly 95% of which came from vehicle sales, according to the report.\nIn the first quarter of 2020, the Covid-19 epidemic was at its peak on the Chinese mainland, likely suppressing sales.\nRevenue was up a more modest 2.7% from the fourth quarter of 2020, which the Guangzhou-based company attributed to increased income from its autonomous driving software Xpilot 3.0, which brought in 80 million yuan in the first quarter.</p>"}}}},"pageContext":{"slug":"electric-car-maker-xpeng-says-autonomous-driving-software-will-be-sustained-source-of-profit"}}}