Xpeng Motors on Thursday announced a 8.2% quarter-on quarter decline in total revenue for the third quarter of 2022, as its car sales dropped significantly. On a positive note, the electric vehicle maker narrowed its losses by 12% from the previous quarter to nearly RMB 2.4 billion ($330 million), with a vehicle margin of 11.6%, recovering from 9.1% in the second quarter. Chief executive He Xiaopeng told investors that the company will continue its focus on cost reduction and operational efficiency while expecting its latest G9 crossover to drive deliveries back up to the threshold of 10,000 units in December. [Xpeng earnings report]