U.S.-listed Chinese electric vehicle maker Xpeng Inc XPEV on Thursday used a Psyduck Pokemon toy as a prop to express his frustration over the ongoing chip shortages, CnEVpost reported, citing a Weibo post.
What Happened: Psyduck, originally a Japanese videogame character, comes in a battery-operated toy avatar with fast-food meals in China by Yum! Brands Inc YUM-owned KFC.
Xpeng CEO He Xiaopeng on Thursday shared a video on the Chinese social media site Weibo of the dancing toy duck with a message of his own.
The video shows the Psyduck holding a piece of paper in each hand with the messages, "urgently need" (急求) and "chip" (芯片), according to the report.
Why It Matters: Other EV rivals including Nio Inc NIO, and Tesla Inc TSLA are recovering from a weeks-long production spurred by strict COVID-19 lockdowns in China.
Xpeng on Monday reported a wider loss and provided lower-than-expected delivery guidance for the current quarter.
Pokémon, partially owned by Nintendo Co NTDOY, remains one of the best-selling video game franchises of all-time and a popular brand worldwide.
Price Action: Xpeng closed 0.98% higher at $20.5 on Thursday. Stock is down 59.2% YTD.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
