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) reported a 24% YoY and 5% MoM increase in Smart EV deliveries for June, totaling 10,668 units. The company also announced significant updates to its AI Tianji OS and the upcoming nationwide availability of XNGP. XPeng plans to unveil the Mona M03 hatchback coupe in July.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 9:02 am

The electric vehicle (EV) sector saw significant developments this week, including Tesla's upcoming Q2 deliveries, Rivian's partnership with Volkswagen, and Nikola's deal with Walmart Canada. Tesla's delivery numbers are anticipated with mixed expectations, Rivian's stock surged on a financing deal, and Nikola delivered its hydrogen fuel-cell trucks to Walmart Canada. Other notable mentions include BYD's new plant in Uzbekistan and Ford's plans for a low-cost EV.

Portfolio Pulse from Shanthi Rexaline

June 29, 2024 | 1:48 pm

Volkswagen is investing $5 billion in Rivian to form a joint venture focused on developing next-generation vehicle software. This partnership aims to enhance both companies' competitiveness in the EV market, particularly against Tesla. Rivian will use the funds to scale up manufacturing and build a new factory in Georgia. Additionally, Worksport is launching a solar-powered tonneau cover, SOLIS, which could add up to 10 miles of range per day for EVs.

Portfolio Pulse from Upwallstreet

June 27, 2024 | 5:16 pm

Shares of Chinese EV stocks, including LI, NIO, and XPEV, are trading lower amid ongoing European Union tariff talks.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2024 | 4:08 pm

Tesla's Full Self-Driving (FSD) technology is expected to face significant challenges in China due to the prevalence of e-scooters and complex road conditions, as highlighted by XPeng's head of autonomous driving. XPeng's smart driving capabilities have been successfully tested in various Chinese cities, and their upcoming XNGP version will integrate advanced technology for broader use cases.

Portfolio Pulse from Nabaparna Bhattacharya

June 27, 2024 | 2:43 pm

Citigroup analyst Jeff Chung has upgraded XPeng (NYSE:XPEV) from Sell to Neutral and raised the price target from $7.7 to $8.3.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:56 pm

XPeng CEO He Xiaopeng predicts that 2025 will be the 'ChatGPT moment' for fully autonomous driving after testing Tesla's FSD and Waymo's technologies. He praised Tesla's progress and expressed interest in further testing. XPeng also invited Elon Musk to test its XNGP system in China.

Portfolio Pulse from Anan Ashraf

June 25, 2024 | 8:25 am

This week in the EV sector, Tesla analysts lowered their expectations ahead of Q2 deliveries, Fisker filed for bankruptcy, Nikola confirmed a 30-for-1 reverse stock split, and Canoo announced a secondary offering. Additionally, Canada is considering tariffs on Chinese EV imports.

Portfolio Pulse from Shanthi Rexaline

June 22, 2024 | 1:15 pm

The EU's proposed tariffs on Chinese EVs are lower than expected, particularly for BYD, which faces a 17.4% tariff. This has led to a positive market reaction for BYD and other Chinese EV makers. The tariffs are not expected to significantly impact the profitability of these companies in Europe. Chinese EV companies are likely to set up factories in Europe to mitigate tariff and transport costs.

Portfolio Pulse from The Bamboo Works

June 21, 2024 | 3:07 pm

XPeng Inc. (NYSE:XPEV) is reorganizing its smart driving team and has launched an AI division to stay competitive in the autonomous driving sector. Key personnel changes include the departure of Lin Yishu and Wu Xinzhou, with Junyao stepping in. XPeng has also expressed interest in Tesla's full self-driving software and recently launched its flying car, the X2, in Beijing.

Portfolio Pulse from Nabaparna Bhattacharya

June 21, 2024 | 2:31 pm

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