AsianFin -- Chinese electric vehicle maker Xpeng said Tuesday it expects third-quarter revenue to roughly double, fueled by rising deliveries despite a sluggish economic backdrop.

The company has attracted buyers with its expanding range of EV models, while also benefiting from government incentives aimed at spurring consumer spending.

Xpeng is further investing in artificial intelligence for its autonomous driving systems and strengthening technology partnerships with other automakers to support long-term growth.