Peng Motors denies acquisition of Maserati: rumors are pure rumors

According to news on August 17, a screenshot of Xpeng Motors’ acquisition of Maserati has been circulated on the Internet recently. However, Xpeng Motors has denied this. In the picture, a netizen who calls himself "Xpeng Motors Air Force Commander-in-Chief" posted that Xpeng Motors will acquire Maserati, and even mentioned that an internal meeting has confirmed the launch of the new brand. However, this afternoon, the editor noticed that Xpeng Motors related people have responded that the rumors about the acquisition are purely rumors, and the company does not have any relevant acquisition plans.

According to data for the first half of 2023, the Maserati brand has performed well in the global market. Sales increased by 42% year-on-year, exceeding the industry average growth rate by 10 percentage points. In the first half of the year, more than 15,300 vehicles were delivered, a year-on-year increase of 50%, and the global market share rose to 2.5%. Net revenue increased by 39% year-on-year to 1.309 billion euros, adjusted operating income increased by 95% year-on-year to 121 million euros, and the adjusted operating profit margin reached 9.2%. This series of data shows that the Maserati brand is gradually increasing its market competitiveness. However, Xpeng Motors’ financial report data for the first quarter of 2023 shows that in sharp contrast, the company’s revenue has experienced a substantial increase. The year-on-year decline reached 45.9%, only 4.03 billion yuan. At the same time, the company's net loss in the first quarter was as high as 2.34 billion yuan, exceeding market expectations of 1.898 billion yuan. Compared with the same period last year, net losses also showed an upward trend. Although Xpeng Motors has cash reserves of approximately 38.3 billion yuan at the end of 2022, the company's current financial situation has raised doubts about its future development

According to Xiaopeng Motors The editor understands that although Xpeng Motors has denied recent rumors about acquiring Maserati, judging from the financial data and market performance of the two companies, Maserati seems to have stronger growth momentum in the luxury car market, while Xpeng Motors Facing certain financial pressure. This also triggered people's thinking about the future cooperation and competition between Chinese and foreign automobile companies

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