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

Chinese EV manufacturers are pivoting to Africa due to increased tariffs from the EU and US. Neta Auto has opened its first African store in Kenya and plans further expansion. Despite the tariffs, companies like BYD, NIO, XPeng, and Li Auto continue to grow globally.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 11:00 am

The article highlights key events in the electric vehicle (EV) sector for the week ending July 5, with notable advancements for Tesla, Rivian, Canoo, Ford, and Nio. Tesla's stock surged due to better-than-expected deliveries, while Rivian exceeded its delivery forecast. Canoo secured new orders, and Ford reported strong Q2 EV sales. Nio's CFO announced his departure.

Portfolio Pulse from Shanthi Rexaline

July 06, 2024 | 3:13 pm

Shares of Chinese EV stocks, including LI, NIO, and XPEV, closed lower after the EU reported raised tariffs.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 8:02 pm

The market experienced mixed reactions to recent jobs data. Tesla's stock continued to rise, while Chinese EV stocks, including Li Auto, NIO, and XPeng, saw declines.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 8:01 pm

U.S. stocks traded mostly higher with the Nasdaq Composite gaining over 150 points. Key movers included Koss Corporation, Macy’s, Sharps Technology, NIO Inc., Eshallgo Inc., and XPeng Inc. Gold and silver prices rose, while oil prices fell.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 7:35 pm

NIO Inc. (NYSE:NIO) shares fell 8.5% after the resignation of CFO Steven Wei Feng. Other notable movers include Qualigen Therapeutics, Inc. (NASDAQ:QLGN) up 120%, Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) up 70.5%, and Macy’s, Inc. (NYSE:M) up 10.4% due to an increased acquisition bid. XPeng Inc. (NYSE:XPEV) declined 10% after announcing vehicle delivery figures.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 4:59 pm

U.S. stocks traded mostly higher with the Nasdaq Composite gaining over 100 points. Key movers included Koss Corporation, Macy’s, Sharps Technology, NIO Inc., Eshallgo Inc., and XPeng Inc. Nonfarm payrolls increased by 206,000, slightly above expectations.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 4:11 pm

XPeng shares are trading lower due to a pullback in Chinese EV stocks, following the company's report on June deliveries earlier in the week.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:11 pm

XPeng, Inc. (NYSE:XPEV) shares are trading higher after the company reported strong vehicle delivery figures for June and the first half of 2024. XPeng delivered 10,668 Smart EVs in June, a 24% increase year-over-year, and 52,028 Smart EVs in the first half of 2024, a 26% increase from last year. The company also debuted the M03 model in its Mona series. Despite the positive news, analysts have a cautious outlook with an average 12-month price target of $7.65.

Portfolio Pulse from Erica Kollmann

July 03, 2024 | 4:30 pm

Shares of Chinese EV stocks are trading higher amid strength in Chinese markets. Multiple companies in the sector reported delivery figures this week.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2024 | 3:06 pm

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