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 Inc (NYSE:XPEV) is facing bearish signals ahead of its Mona M03 launch on Aug. 27, following its Q2 earnings report on Aug. 20. The stock is down over 50% YTD and is trading below key moving averages, indicating a downward trend. Analysts see a potential 26.23% upside with a price target of $9.

Portfolio Pulse from Surbhi Jain

August 19, 2024 | 1:36 pm

The article discusses the latest developments in the electric vehicle (EV) sector, highlighting Tesla's market share erosion, Lucid's technological advancements, Rivian's production halt, and recalls by Ford and GM. It also mentions Canoo's financial performance and the performance of various EV stocks over the week.

Portfolio Pulse from Shanthi Rexaline

August 17, 2024 | 12:30 pm

XPeng Inc. (NYSE:XPEV) shares are trading lower, down 0.43% to $6.94 premarket. The company is set to unveil the first model in its Mona lineup, the M03, on August 27. XPeng has lost over 57% in the past year. Investors can gain exposure to XPeng via SPDR S&P Kensho Smart Mobility ETF (NYSE:HAIL).

Portfolio Pulse from Nabaparna Bhattacharya

August 14, 2024 | 12:42 pm

The EV market experienced a turbulent week with significant developments. Tesla launched its Cybertruck in Canada and reported strong sales in China, but faced criticism from Sen. Elizabeth Warren. Rivian and Nikola exceeded Q2 expectations, while Lucid received a $1.5 billion cash infusion from its largest shareholder. Canoo faced a lawsuit, and Huawei entered the EV market. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 2.58% for the week.

Portfolio Pulse from Shanthi Rexaline

August 10, 2024 | 1:30 pm

XPeng Inc. (NYSE:XPEV) has revamped its organizational structure to focus more on AI technology, similar to competitors NIO Inc. (NYSE:NIO) and Li Auto Inc. (NASDAQ:LI). The restructuring aims to enhance XPeng's smart driving technology by dividing its technology development division into three new divisions: AI end-to-end, AI applications, and AI efficiency. This strategic shift has led to a slight increase in XPeng's stock price. Investors can also gain exposure to XPeng through the SPDR S&P Kensho Smart Mobility ETF (NYSE:HAIL).

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2024 | 1:07 pm

Chinese EV stocks Nio, XPeng, and Li Auto are trading lower due to potential U.S. bans on Chinese software in autonomous vehicles. Tesla is also down over 8%. Nvidia faces delays in AI chip deliveries, impacting EV stocks. Despite recent boosts from Chinese stimulus plans, these companies are struggling with demand and offering discounts.

Portfolio Pulse from Anusuya Lahiri

August 05, 2024 | 1:45 pm

Chinese EV startups Nio, XPeng, and Li Auto have significantly increased their R&D spending, with Nio and XPeng reporting net losses. In comparison, Tesla and BYD have lower R&D expenses as a percentage of revenue but higher vehicle deliveries. American startups Rivian and Lucid also reported high R&D costs and net losses.

Portfolio Pulse from Anan Ashraf

August 05, 2024 | 12:06 pm

The U.S. Commerce Department is preparing a proposal to ban Chinese software in autonomous and connected vehicles, citing national security concerns. This move could impact Chinese companies like WeRide Inc. (NASDAQ:HSAI), Baidu (NASDAQ:BIDU), BYD (OTC:BYDDF), NIO (NYSE:NIO), and XPeng Inc. (NYSE:XPEV), which are involved in autonomous driving technology.

Portfolio Pulse from Benzinga Neuro

August 05, 2024 | 7:34 am

The EV sector faced selling pressure last week amid a broader market downturn. Tesla's stock dipped despite strong sales in China and positive updates on its FSD technology. Uber partnered with BYD to introduce 100,000 new EVs to its platform. Lucid Motors provided an update on its Gravity SUV production. Ford reported a significant increase in EV sales for July. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 3.47% for the week.

Portfolio Pulse from Shanthi Rexaline

August 03, 2024 | 5:30 pm

XPeng Inc. (NYSE:XPEV) reported delivering 11,145 Smart EVs in July 2024, marking a 1% year-over-year and 4% month-over-month increase. The company has delivered 63,173 Smart EVs in the first seven months of 2024, a 20% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:22 am

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