shares of xpeng inc xpev rose 11 in premarket trading friday even after the chinabased electric vehicle maker reported fourthquarter losses that were wider than expected revenue that fell short of forecasts and provided a downbeat outlook but assured sales and market share will resume growth as the company improves efficiencies and continues to cut costs net losses widened to rmb268 billion 3885 million or rmb274 a share from rmb186 billion or rmb151 a share in the yearago period excluding nonrecurring items the adjusted loss per american depositary share ads of rmb257 was wider than the factset loss consensus of rmb215 revenue dropped 399 to rmb514 billion 7453 million below the factset consensus of rmb561 billion deliveries fell 468 to 22204 evs above the factset consensus of 21400 while gross margin contracted to 87 from 120 for the first quarter the company expects revenue of between rmb40 billion and rmb42 billion below the factset consensus of rmb579 billion and deliveries of between 18000 and 19000 evs xpeng’s stock has tumbled 191 over the past three months through thursday while the ishares msci china exchangetraded fund mchi has slipped 03 and the sp 500 spx has gained 28