Chinese EV maker XPeng forecasts Q4 revenue below estimates due to price war and competition in auto market. Despite record deliveries in October, XPeng expects revenue between 21.5-23 billion yuan, lower than analysts’ estimate of 26 billion yuan. Losses attributed to launch of Mona 03 and reduced investment in intelligent driving.

XPeng unveils “flying car” and humanoid robot concepts at AI Day event, signaling long-term investment in research and development. Q3 revenue of 20.38 billion yuan driven by 149.3% year-on-year jump in vehicle deliveries. Net loss narrows to 380.9 million yuan from 1.81 billion yuan a year earlier.

U.S.-listed shares of XPeng fall nearly 4% in premarket trading despite record deliveries. XPeng’s Mona M03, built with DiDi, targets China’s more affordable EV segment. The company faces pressure on earnings due to heavy investment in future projects like flying cars and humanoid robots.

Read more at Yahoo Finance: Chinese EV maker XPeng forecasts Q4 revenue below estimates amid fierce competition