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U.S.-listed Chinese electric vehicle maker Xpeng Inc (NYSE: 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.
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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 (NYSE: 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 (NYSE: NIO), and Tesla Inc (NASDAQ: 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 (OTC: 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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.