Shares of Chinese electric-vehicle maker XPeng rose early Tuesday after reporting better-than-expected quarterly results.

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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.

The president-elect frequently warned Michigan voters that electric cars would ruin the auto industry. Post-election polls suggest that message helped sway public opinion.

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