March 19 (Reuters) - Chinese electric vehicle maker

Xpeng ( XPEV ) forecast first-quarter revenue below

market expectations on Tuesday as a sluggish economy and stiff

competition weighs on vehicle demand.

The company expects first quarter revenue between 5.8

billion yuan ($805.67 million) and 6.2 billion yuan, compared

with estimates of 11.37 billion yuan, according to LSEG data.

EV demand in the Xpeng's ( XPEV ) home market, China - the world's

largest auto market - has faltered as intense market competition

has driven down car prices and consumers have tightened

spending.

The Guangzhou-based company reported fourth-quarter

revenue of 13.05 billion yuan, missing estimates of 13.39

billion yuan.

($1 = 7.1990 Chinese yuan renminbi)