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

12.70

Mkt cap

13B

Volume

12M

High

12.81

P/E Ratio

-10.53

52-wk high

18.74

Low

12.34

Div yield

N/A

52-wk low

6.55

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

U.S. stock futures are climbing as traders anticipate positive earnings from Nvidia and potential rate cuts by the Federal Reserve. Nvidia's upcoming earnings report is a key focus, with expectations of strong guidance. The SPDR S&P 500 ETF Trust and Invesco QQQ ETF are seeing premarket gains. Analysts suggest multiple catalysts could sustain the market rally, including economic data releases and Fed actions.

Portfolio Pulse from Shanthi Rexaline

August 26, 2024 | 10:47 am

The EV sector saw mixed developments this week. Tesla received a tariff cut in Europe but lost its BEV crown to BMW. Lucid claimed tech leadership over Tesla, while Ford scaled back its EV plans. Workhorse reported poor earnings, and Canoo faced executive departures. The KraneShares EV ETF rose 3.44% for the week.

Portfolio Pulse from Shanthi Rexaline

August 24, 2024 | 2:00 pm

Chinese EV stocks, including NIO, XPeng, Li Auto, and Lucid Motors, rose after China criticized EU tariffs and pledged industry support. The EU imposed additional tariffs on BEV imports but reduced duties for major automakers like Tesla. China's stimulus plans and trade-in programs are boosting EV sales.

Portfolio Pulse from Anusuya Lahiri

August 21, 2024 | 4:23 pm

Citigroup analyst Jeff Chung maintains a Neutral rating on XPeng (NYSE:XPEV) and lowers the price target from $8.3 to $7.6.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 3:13 pm

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