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

The CNBC Tech podcast episode on eVTOLs highlights the industry's potential and challenges. With a projected market value of $1 trillion by 2040, companies globally are developing these electric vertical take-off and landing vehicles. Regulatory support and overcoming infrastructure and safety concerns are crucial for industry growth. eVTOL startups like Archer Aviation and Joby Aviation are at the forefront, while firms like New Horizon Aircraft and Hyundai Motor, along with XPeng Aeroht, a subsidiary of XPeng Inc., are advancing the technology.

Portfolio Pulse from Benzinga Neuro

April 01, 2024 | 2:54 pm

XPeng Inc (NYSE:XPEV) shares are up in Monday's premarket session following a report of significant sales growth. In March 2024, XPeng delivered 9,026 Smart EVs, marking a 99% increase over the previous month and a 29% year-over-year increase. The XPENG X9 remained the top-selling all-electric MPV in China. For Q1 2024, the company delivered 21,821 Smart EVs, a 20% increase from the previous year. XPeng also announced strategic partnerships in Thailand, Singapore, and Malaysia, and entered the German market with two Smart EV models. These moves are part of XPeng's plan to expand globally.

Portfolio Pulse from Shivani Kumaresan

April 01, 2024 | 10:45 am

XPeng (NYSE:XPEV), a Chinese electric vehicle manufacturer, has announced its entry into the German market, challenging Volkswagen (OTC:VWAGY) and other automakers. The launch is part of XPeng's European expansion, with vehicle sales in Germany starting in May. XPeng plans to showcase its G9 SUV and P7 sports sedan at 24 retail locations across Germany, aiming for a 3% market share in the new energy vehicle segment by year-end. This move comes as BEV sales in Germany saw a 15.4% decline, despite a modest 9% growth in the EU. Volkswagen leads EU auto sales, with an 11.5% increase in registrations year-on-year.

Portfolio Pulse from Anan Ashraf

April 01, 2024 | 9:21 am

XPeng Inc. (NYSE:XPEV), a leading Chinese smart electric vehicle company, reported a significant increase in its Smart EV deliveries for March 2024 and the first quarter of the year. In March, XPENG delivered 9,026 Smart EVs, marking a 99% increase from the previous month and a 29% year-over-year increase. The XPENG X9 was the top-selling all-electric MPV in China for the month. For Q1 2024, the company delivered 21,821 Smart EVs, up 20% from the previous year. Additionally, the monthly active user penetration rate of XNGP in urban driving scenarios reached 82%.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 9:02 am

The electric vehicle (EV) sector experienced mixed sentiments despite the broader market's record high. Tesla faced reduced delivery targets and price target cuts due to demand issues, while promoting a free trial of its full-self driving software. Fisker announced significant price reductions for its EVs amid bankruptcy rumors. Nikola teased the return of its battery EV trucks and announced the opening of a hydrogen refueling station. Canoo acquired assets from bankrupt Arrival Automotive. BYD aims for a 20% sales growth in 2024. The KraneShares Electric Vehicles ETF saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

March 30, 2024 | 12:21 pm

XPeng shares are trading lower, potentially in sympathy with NIO, which saw a decline after reducing its delivery outlook.

Portfolio Pulse from Benzinga Newsdesk

March 27, 2024 | 7:54 pm

GameStop Corp. (NYSE:GME) reported Q4 earnings with net sales of $1.794 billion, missing the consensus estimate of $2.05 billion, and an EPS of 22 cents, below the expected 29 cents, causing a 14.9% drop in pre-market trading. Other stocks also moved lower in pre-market trading due to various reasons including poor financial results and special dividend announcements.

Portfolio Pulse from Avi Kapoor

March 27, 2024 | 9:39 am

BYD Company Limited (OTC:BYDDY) reported its slowest quarterly profit growth in two years for Q4 2023, despite overtaking Tesla Inc (NASDAQ:TSLA) as the top EV maker in the last quarter. BYD's revenue rose 15.1% to 180.04 billion yuan, with a net income of 8.67 billion yuan. The full year saw an 80.7% increase in net profit to 30.04 billion yuan. BYD is expanding globally and into the premium market, while Tesla continues to adjust its pricing strategy and faces criticism over its electric pickups.

Portfolio Pulse from Upwallstreet

March 26, 2024 | 5:22 pm

Alibaba Group Holding Ltd (NYSE:BABA) is pausing operations of its Ling Shou Tong platform to adjust its business strategy, focusing on AI and core retail and technology sectors. Despite this, LST is not shutting down or merging with another platform. Alibaba sold $360 million of Bilibili Inc (NASDAQ:BILI) shares and reduced stakes in other companies, reallocating resources towards AI. It plans to launch a new processor to counteract U.S. export controls on chip technologies. Alibaba's stock has declined over 16% in the past year, but can be accessed through ETFs like Invesco Golden Dragon China ETF (NASDAQ:PGJ) and ProShares Online Retail ETF (NYSE:ONLN).

Portfolio Pulse from Anusuya Lahiri

March 25, 2024 | 12:01 pm

This week, Tesla faced challenges in China, Ford planned a reentry into India's EV market, and Canoo aimed to improve profitability. Tesla's production cut in China and SEC probe concerns, along with Ford's strategy to leverage India's new EV policy, and Canoo's designation as a Foreign Trade Zone were key events. Fisker sought financing to avoid bankruptcy, and BYD expanded into Greece. The KraneShares Electric Vehicles ETF saw a decline, reflecting broader EV stock underperformance despite Tesla's slight gain.

Portfolio Pulse from Shanthi Rexaline

March 23, 2024 | 1:12 pm

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