XPeng continued to improve its gross margin, which rose to a record 15.3% from 14.0% in the second quarter. Its gross margin was a negative 2.7% a year earlier.

Chinese electric vehicle-maker Xpeng Inc. reported a narrower-than-estimated third-quarter loss as popular new models improved sales.

While Tesla Inc. is grabbing the headlines, Xpeng Inc. has been the hottest electric vehicle stock over the past few months as investors rapidly warm to its product strategy.

The new XPeng G9 has been launched in Norway, Sweden, Denmark and the Netherlands, and it could hit the UK in 2025 ...