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

Shares of Chinese EV stocks, including LI, NIO, and XPEV, are trading lower due to reports that the EU is expected to unveil tariffs this week.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 6:09 pm

XPeng Inc. (NYSE:XPEV) has revealed the name and image of its first model from the Mona sub-brand, the Xpeng M03, which will use BYD batteries. This move follows a similar strategy by NIO Inc. (NYSE:NIO) with its Onvo sub-brand. The M03 is expected to launch in 2024 and will be an A-class smart electric model. XPeng shares are trading higher by 0.63% premarket.

Portfolio Pulse from Nabaparna Bhattacharya

June 11, 2024 | 10:59 am

The article discusses key events in the electric vehicle (EV) sector for the week ending June 7. Tesla is pushing for shareholder approval of Elon Musk's 2018 pay package, Rivian launched revamped R1 vehicles, Nikola received shareholder approval for a reverse stock split, and Fisker defaulted on a loan payment. Ford's CEO emphasized the importance of affordable EVs, and the KraneShares Electric Vehicles and Future Mobility Index ETF saw a decline.

Portfolio Pulse from Shanthi Rexaline

June 08, 2024 | 1:36 pm

Nio Inc (NYSE:NIO) reported its unaudited first fiscal quarter results, showing a widened net loss despite improved margins. The company provided an optimistic Q2 outlook with significant YoY growth in EV deliveries. Nio, along with Li Auto (NASDAQ:LI) and XPeng Inc (NYSE:XPEV), recorded YoY growth in May 2024 deliveries, with Nio achieving triple-digit percentage gains. Tesla Inc (NASDAQ:TSLA) recalled 125,000 EVs.

Portfolio Pulse from Upwallstreet

June 07, 2024 | 3:43 pm

XPeng Inc's affiliate, XPENG AEROHT, has signed a strategic cooperation agreement with Autoliv China to develop safety solutions for flying cars. This partnership aims to combine XPENG AEROHT's advanced technology with Autoliv's expertise in safety solutions.

Portfolio Pulse from Shivani Kumaresan

June 04, 2024 | 2:19 pm

Tesla's stock rose in premarket trading despite a negative outlook for Wall Street. The company reported strong made-in-China car sales for May, with a 17% increase from April but a 6.6% year-over-year decline. Chinese EV startups Nio, XPeng, and Li Auto also reported strong sales.

Portfolio Pulse from Shanthi Rexaline

June 04, 2024 | 12:33 pm

Chinese EV stocks Nio, XPeng, and Li Auto saw significant attention on Monday due to strong May delivery numbers. Despite robust sales growth, shares of all three companies traded lower, likely due to concerns over price wars and weakening demand.

Portfolio Pulse from Anusuya Lahiri

June 03, 2024 | 5:09 pm

Chinese EV makers Nio, XPeng, and Li Auto reported strong deliveries in May, with Nio and Li Auto setting record numbers. This comes amid a competitive market where Tesla is struggling to maintain its sales despite price cuts.

Portfolio Pulse from Shanthi Rexaline

June 01, 2024 | 3:17 pm

The EV market had a mixed week ending May 31, with Tesla facing modest losses amid weak economic readings. Key events included Tesla's shareholder meeting and recall, Rivian's Q2 warning, Fisker's layoffs, Faraday Future's stock drop, and Lucid's UAE expansion.

Portfolio Pulse from Shanthi Rexaline

June 01, 2024 | 3:03 pm

XPeng Inc. (NYSE:XPEV) shares are trading slightly higher following the unveiling of the first model of its sub-brand Mona in an undisguised spy photo. The model is set to debut in June with deliveries expected in the third quarter. XPeng had previously announced the acquisition of Didi Global’s EV business and plans to introduce the Mona brand in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

May 28, 2024 | 1:52 pm

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