Xpeng Inc., the Chinese electric vehicle manufacturer, exceeded analyst expectations in the third quarter with a narrower-than-expected loss. The company"s non-GAAP net loss attributable to ordinary shareholders for the period ending in September decreased to 1.5 billion yuan, outperforming predictions of a 1.6 billion yuan deficit.

This strong performance reflects the growing demand for Xpeng"s electric vehicles as the company expands its product lineup in a competitive market. Xpeng also surpassed anticipated revenue, with a year-over-year surge of 18.4% to reach 10.1 billion yuan.