Chinese EV company Xpeng Motors (NYSE: XPEV) which posted a record net loss of 2.8 billion yuan in Q2 2023 has said that its partnership with auto giant Volkswagen and continued cost cuts would help it narrow losses. Wan who now has a $25.30 target price for XPEV stressed that the partnership between Xpeng Motors and Volkswagen signals “the start of China [original equipment manufacturers] exporting technologies to foreign players [and] will help Xpeng to increase its brand image globally.” Accepts Paypal Deposits Min Deposit $200 Charge per Trade Zero Commission on real stocks Rating 64 traders signed up today Visit Now 67% of retail investor accounts lose money when trading CFDs with this provider.