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Xpeng losses grow as R&D, marketing expenses balloon

The P7 Wing Limited Edition EV at an XPeng dealership in Shanghai on July 5, 2021. (BLOOMBERG/Bloomberg)
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By:
Bloomberg
August 26, 2021 10:51 AM

Chinese electric vehicle startup Xpeng Inc. reported a wider-than-estimated second-quarter loss as research and development costs ballooned and marketing and other selling expenses climbed.

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