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 maker Xpeng Inc. (NYSE:XPEV) offered Tesla CEO Elon Musk a test drive of its advanced driver assistance system, XNGP, after Xpeng CEO He Xiaopeng tested Tesla's full self-driving (FSD) technology in the U.S. Musk acknowledged the competitiveness of Chinese automakers. The exchange highlights the ongoing competition and collaboration in autonomous driving technology between the two companies.

Portfolio Pulse from Anan Ashraf

June 21, 2024 | 12:03 pm

XPeng CEO He Xiaopeng is in the U.S. testing Tesla's Full Self-Driving (FSD) software and comparing it with XPeng's Navigation Guided Pilot (XNGP). XPeng recently launched its flying car, the X2, in Beijing and revealed the first model from its sub-brand Mona, named Xpeng M03, which will use batteries from BYD. XPeng shares are trading slightly higher premarket.

Portfolio Pulse from Nabaparna Bhattacharya

June 20, 2024 | 11:39 am

Nio Inc. (NYSE:NIO) reported a widened loss for Q1 2023, with revenue down 7.2% year-on-year. The company is diversifying its brand to target middle and lower market segments with new brands Onvo and Firefly. Despite heavy investments in R&D and infrastructure, Nio faces stiff competition and regulatory challenges in foreign markets.

Portfolio Pulse from The Bamboo Works

June 17, 2024 | 1:10 pm

XPeng Inc. (NYSE:XPEV) has successfully launched its flying car, the X2, in Beijing, marking a significant step towards commercialization by the end of the year. This development aligns with China's focus on the low-altitude economy, projected to surpass $138 billion by 2026.

Portfolio Pulse from Rounak Jain

June 17, 2024 | 11:56 am

The EV sector saw significant developments this week, including Tesla's shareholder meeting, Fisker's recall, Workhorse's reverse stock split, and Faraday Future's new deliveries. Tesla's reapproval of Elon Musk's compensation plan and optimistic future projections were key highlights. Fisker faced challenges with a major recall, while Workhorse announced a reverse stock split and strategic collaborations. Faraday Future resumed deliveries and hinted at an affordable EV. Ford eased dealer investment norms due to slow EV adoption. The KraneShares Electric Vehicles and Future Mobility Index ETF fell 3.83% for the week.

Portfolio Pulse from Shanthi Rexaline

June 15, 2024 | 2:53 pm

Shares of Chinese EV stocks are trading lower after it was recently reported the EU will impose additional tariffs.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 7:56 pm

A Bain & Co. partner has warned that the ongoing price wars among Chinese EV manufacturers in overseas markets could jeopardize product quality and brand reputation. The European Union's decision to impose additional tariffs on Chinese-made EVs could further challenge companies like BYD, Nio, Li Auto, and XPeng.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 12:55 pm

The European Union has introduced new tariffs on Chinese electric vehicles, impacting companies like BYD, Nio, Li Auto, and XPeng. Despite the tariffs, BYD is expected to remain competitive due to its cost advantages. The tariffs could accelerate localization plans for Chinese EV makers in the EU and have broader implications for the global automotive industry.

Portfolio Pulse from Benzinga Neuro

June 13, 2024 | 9:31 am

The European Commission plans to impose tariffs of up to 25% on Chinese electric vehicles, impacting companies like NIO Inc, Li Auto Inc, XPeng Inc, and Tesla Inc. This move aims to counteract Chinese government subsidies and could escalate to 35%. The tariffs are expected to generate over $2.15 billion annually for the EU budget. NIO and Li Auto stocks traded lower following the news, while XPeng's stock price remained unaffected.

Portfolio Pulse from Anusuya Lahiri

June 12, 2024 | 12:23 pm

The European Commission will impose additional duties of up to 25% on imported Chinese electric vehicles starting next month. This move could impact several car makers and ETFs with exposure to the Chinese EV market.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 9:33 am

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