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 expects Q2 2024 revenue to be between RMB7.5 billion and RMB8.3 billion, below the estimated RMB9.829 billion. Vehicle deliveries are projected to be between 29,000 and 32,000, showing a year-over-year increase of 25.0% to 37.9%.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 9:37 am

XPeng reported Q1 2024 vehicle deliveries of 21,821 units, a 19.7% increase from the same period in 2023.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 9:34 am

XPeng reported its Q1 2024 financial results, with adjusted EPS of RMB(1.49) beating the estimate of RMB(1.94) and sales of RMB6.548 billion surpassing the estimate of RMB6.165 billion.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 9:33 am

XPENG has announced an upgrade to its AI-powered in-car operating system, XOS 5.1.0, which will be available to all eligible users starting May 20. The upgrade integrates end-to-end large model technology to enhance smart driving and offers intelligent AI assistant services through AI Assistant Xiao P, AI Chauffeur, and AI Bodyguard. The XPENG AI Valet Driver provides customizable, smart driving experiences across China.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 3:09 pm

Volkswagen's Audi is partnering with SAIC to develop a new EV platform in China, aiming to accelerate its BEV portfolio and reduce time-to-market. This collaboration follows Volkswagen's $700 million investment in Xpeng and highlights the increasing reliance on Chinese technological expertise. Stellantis also announced a partnership with Leapmotor to bring models to Europe.

Portfolio Pulse from Shivani Kumaresan

May 20, 2024 | 10:42 am

Chinese EV makers Nio Inc (NYSE:NIO) and Xpeng Inc (NYSE:XPEV) are taking over 200 days to pay their suppliers, more than twice the time taken by Tesla Inc (NASDAQ:TSLA). Nio took 295 days and Xpeng took 221 days as of the end of 2023. Both companies have been struggling with profitability, reporting significant net losses and declining profit margins. Nio's and Xpeng's shares have dropped significantly year-to-date.

Portfolio Pulse from Anan Ashraf

May 20, 2024 | 9:35 am

This week saw significant developments in the EV sector, including Tesla's efforts to reapprove Elon Musk's pay plan, Ford's appeal to suppliers for cost reductions, Faraday Future's massive stock rally, Rivian's partnership with Google, and Nio's launch of a new affordable SUV. The KraneShares Electric Vehicles and Future Mobility Index ETF also saw gains.

Portfolio Pulse from Shanthi Rexaline

May 18, 2024 | 12:59 pm

J.P. Morgan projects a 20%-23% YoY growth in global EV sales for 2024, led by China-based companies like Nio, XPeng, and Li Auto. The focus is on battery innovation, fast charging, and cost reductions. U.S. tariffs on Chinese exports will impact material costs for U.S. EV makers like Tesla and Rivian.

Portfolio Pulse from Surbhi Jain

May 17, 2024 | 3:05 pm

XPeng Inc. (NYSE:XPEV) shares are trading lower in the premarket session on Friday due to concerns over new U.S. tariffs on Chinese EVs, which could increase costs and impede progress toward carbon neutrality. XPeng's co-President Brian Gu expressed these concerns while launching two new EV models in Hong Kong. Despite the current lack of direct impact on XPeng, the company is cautious about future market openness and global competition. XPeng is also expanding internationally to mitigate losses from fierce competition and decreasing demand in China.

Portfolio Pulse from Nabaparna Bhattacharya

May 17, 2024 | 1:06 pm

Chinese EV maker XPeng Inc (NYSE:XPEV) will hold its AI Day next week after Tesla, Inc. (NASDAQ:TSLA) canceled its event due to concerns about imitation. XPeng's event will provide updates on its AI initiatives, similar to Tesla's past AI Days.

Portfolio Pulse from Anan Ashraf

May 17, 2024 | 7:10 am

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