Xpeng forecast quarterly revenue below estimates
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March 19 (Reuters) - Chinese electric-vehicle maker Xpeng forecast first-quarter revenue below market expectations on Tuesday as a sluggish economy and stiff competition weighed on vehicle demand.
The company expects first quarter revenue between 5.8 billion yuan ($805.67 million) and 6.2 billion yuan, compared with estimates of 11.37 billion yuan, according to LSEG data. ($1 = 7.1990 Chinese yuan renminbi) (Reporting by Zaheer Kachwala in Bengaluru; Editing by Tasim Zahid)
