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Xpeng shares drop 7% after the Chinese electric car maker posts a record quarterly loss

Xpeng shares drop 7% after the Chinese electric car maker posts a record quarterly loss

A Xpeng P7 electric car is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 20, 2020 in Guangzhou, Guangdong Province of China.

VCG | Visual China Group | Getty Images

Xpeng on Friday reported a wider-than-expected loss in the second quarter, sending the Chinese electric car maker’s shares down more than 7% in pre-market U.S. trade.

The net loss was wider than the 2.7…


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