Streetbeat News

XPEV

XPeng Inc.

Industry

Auto - Manufacturers

XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans under the P7 name; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, vehicle leasing, insurance agency, ride-hailing, technical support, automotive loan referral and auto financing, music subscription, and other services. XPeng Inc. was founded in 2015 and is headquartered in Guangzhou, the People's Republic of China.

Open

14.01

Mkt cap

12B

Volume

15M

High

14.50

P/E Ratio

-11.78

52-wk high

18.74

Low

13.86

Div yield

N/A

52-wk low

6.55

Chinese EV stocks, including Li Auto, are experiencing a decline in share prices due to mixed earnings results and soft future guidance from Li Auto.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 4:05 pm

Xpeng (NYSE:XPEV) has announced the successful tape-out of its proprietary AI chip, Turing, which will be used in its electric vehicles, robots, and flying cars. This chip is designed for L4 autonomous driving and offers three times the computing power of the current chip. Despite this milestone, Xpeng shares are trading relatively flat.

Portfolio Pulse from Nabaparna Bhattacharya

August 28, 2024 | 12:47 pm

XPeng shares rise as the company plans to establish a manufacturing site in Europe to mitigate import tariffs.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 7:10 pm

XPeng Inc. (NYSE:XPEV) shares are rising due to the announcement of its mass-market brand, Mona, offering models under $17,000. The Mona M03 electric coupe will have a base price of $16,812 with a 515 km range. Deliveries for the advanced Max version are expected after Lunar New Year 2025.

Portfolio Pulse from Nabaparna Bhattacharya

August 27, 2024 | 5:13 pm

Xpeng is planning to establish a manufacturing site in Europe to mitigate the impact of import tariffs. The company is in the early stages of site selection in the EU, focusing on areas with low labor risks. Additionally, Xpeng plans to set up a large-scale data center in Europe to support its intelligent driving features. Despite higher levies, Xpeng's global expansion plans remain unchanged, although profits from European countries may be reduced.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:23 pm

Xpeng has launched its mass-market Mona M03 electric vehicle, priced under $17,000, with basic driver-assist features. This positions Xpeng as a competitive player in the affordable EV market, challenging Tesla's pricing in China. The Mona M03 uses technology from Didi and BYD's blade battery to reduce costs.

Portfolio Pulse from Benzinga Newsdesk

August 27, 2024 | 3:10 pm

Canada imposes a 100% tariff on Chinese EV imports, aligning with US and EU actions. This move impacts the global EV market, causing stocks like Tesla, Ford, and others to drop. The KraneShares EV ETF hits COVID-19 lows as demand falters and competition grows.

Portfolio Pulse from Piero Cingari

August 26, 2024 | 4:33 pm

U.S. stocks saw gains on Monday, with notable increases in Galapagos NV, COMPASS Pathways, MoneyLion, and XPeng. Galapagos rose 10% after Ecor1 Capital's stake announcement, while XPeng's CEO's share acquisition boosted its stock by 6.1%.

Portfolio Pulse from Avi Kapoor

August 26, 2024 | 1:59 pm

XPeng Inc (NYSE:XPEV) saw its stock rise over 5% in premarket trading after CEO Xiaopeng acquired over 2 million shares, signaling confidence in the company's growth. Despite a 60.2% year-on-year revenue increase, XPeng missed analyst estimates. The stock has dropped 62% over the past year due to weak demand and tariffs.

Portfolio Pulse from Anusuya Lahiri

August 26, 2024 | 1:00 pm

Canada's Prime Minister Trudeau has announced a 100% tariff on Chinese electric vehicle imports and a 25% tariff on Chinese aluminum and steel. This move could impact companies involved in the production and import of these goods.

Portfolio Pulse from Benzinga Newsdesk

August 26, 2024 | 12:39 pm

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