FILE PHOTO: Visitors look at MONA M03 electric vehicles (EV), displayed outside the venue of XPeng's launch event, in Beijing, China August 27, 2024. REUTERS/Florence Lo/File Photo
(Reuters) - Chinese electric vehicle maker XPeng forecast fourth quarter revenue above Wall Street estimates on Tuesday, thanks to new car models and improving domestic market.
XPeng is seeing a steady demand for its MONA M03 mid-sized sedan, having delivered more than 10,000 units for the second straight month in October. MONA M03 competes with BYD's Seagull and Dolphin and the higher-priced Tesla Model 3, and was launched in a bid to grab market share from BYD, Nio, and Tesla.
