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. and Volkswagen Group have entered into a Master Agreement to jointly develop electrical/electronic architecture for vehicles in China. This collaboration will utilize Volkswagen's China Main Platform and Modular Electric Drive Matrix platform, with the first vehicle expected to start production within 24 months.

Portfolio Pulse from charles@benzinga.com

July 22, 2024 | 12:24 am

The EV sector experienced a significant downturn this week, influenced by broader market trends and specific company developments. Tesla raised prices for its Model S and Model X, while Ford shifted its EV production plans. Hyzon Motors saw a sharp decline due to a stock offering, and BYD expanded its dealership network in Vietnam. Additionally, Donald Trump announced plans to end the EV mandate if elected, which could impact the industry.

Portfolio Pulse from Shanthi Rexaline

July 20, 2024 | 3:22 pm

Benzinga reviewed the prospects of popular stocks and cryptocurrencies, highlighting bullish and bearish sentiments. Nvidia saw strong demand for its AI chips, while Tesla faced potential challenges from a Trump-Vance administration. CrowdStrike caused a major IT outage, and Meta faced competition from TikTok. Ethereum and Dogecoin were predicted to reach new all-time highs.

Portfolio Pulse from Michael Cohen

July 20, 2024 | 1:10 pm

XPeng Inc (NYSE:XPEV) shares are trading lower in the premarket session due to reports of potential U.S. chip sale restrictions on China. Despite this, XPeng's partnership with Volkswagen is progressing, with significant collaboration in EV technology. Volkswagen plans to invest $700 million in XPeng and co-develop two EV models. XPeng's G6 model also made its U.K. debut recently.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2024 | 1:17 pm

Shares of Chinese stocks are trading lower amid reports suggesting the Biden administration is considering chip sale restrictions on China, which could drive US-China tensions.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 3:55 pm

B of A Securities analyst Ming Hsun Lee maintains a Buy rating on XPeng (NYSE:XPEV) but lowers the price target from $12.7 to $11.7.

Portfolio Pulse from Benzinga Newsdesk

July 16, 2024 | 5:14 pm

XPeng Inc (NYSE:XPEV) shares are trading higher by 4.8% to $8.77 following China's announcement of a lower-than-expected GDP growth of 4.7% for Q2. The economic report indicates a slowdown in retail sales growth and rising unemployment, which can reduce consumer confidence and impact car sales. Deflationary pressures are also leading to price cuts on goods, including cars, potentially squeezing profit margins for XPeng.

Portfolio Pulse from Henry Khederian

July 16, 2024 | 4:45 pm

Despite increased tariffs on Chinese EVs, foreign automakers are struggling to compete in China's EV market. Chinese EV makers like NIO and XPeng are advancing technologically and exploring new markets to mitigate tariff impacts. U.S.-listed Chinese EV stocks have seen significant price movements this year.

Portfolio Pulse from Benzinga Neuro

July 16, 2024 | 8:40 am

Alibaba and other Chinese tech and EV stocks, including NIO, XPeng, and Li Auto, are trading lower after China's Q2 economic growth missed expectations. The economy grew by 4.7%, below the 5.1% forecast, with a property downturn and job insecurity stalling recovery. Analysts expect more policy easing to counteract the slowdown.

Portfolio Pulse from Anusuya Lahiri

July 15, 2024 | 10:59 am

Shares of Chinese stocks are trading lower after China reported softer-than-expected Q2 GDP growth.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 10:17 am

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