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

23.96

Mkt cap

11B

Volume

19M

High

24.26

P/E Ratio

-19.61

52-wk high

27.16

Low

23.42

Div yield

N/A

52-wk low

6.55

XPeng Inc (NYSE:XPEV), a Chinese EV manufacturer, is considering overseas production due to a European investigation into Chinese-made EVs for potential unfair advantages from state subsidies. The European Commission's probe, deemed protectionist by China, has prompted XPeng to review its strategy as it aims to increase its international sales from 1%-2% to around 10% this year. Despite challenges, XPeng plans to expand in Europe and eyes the U.S. market, emphasizing the global transition to green technology.

Portfolio Pulse from Shivani Kumaresan

April 25, 2024 | 3:36 pm

Xpeng Inc.'s Vice Chairman, Brian Gu, expressed skepticism about the near-term commercial viability of robotaxis, suggesting a timeline of more than five years, contrary to Tesla Inc.'s more optimistic projections. Gu's comments were made at the Beijing auto show, highlighting the difference in expectations between the two companies regarding the future of autonomous driving technology. Despite the skepticism, there's acknowledgment of the technological advancements in China, with companies like Baidu Inc. and Pony.ai making progress in driverless taxis.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 9:53 am

UBS Group AG upgraded its recommendation on a key Chinese stock index to Overweight, citing a 'valuation collapse' and resilient earnings among the largest stocks. This upgrade has led to positive movements in Chinese equity tracking ETFs and stocks of Chinese companies. UBS also downgraded Taiwan and South Korea markets to Neutral due to high premiums in the tech sector. The optimism in Chinese stocks is supported by state interventions, positive surprises in dividends and buybacks, and a belief that the Chinese stock market has bottomed, presenting a rare investment opportunity.

Portfolio Pulse from Surbhi Jain

April 23, 2024 | 7:20 pm

XPeng Inc. (NYSE:XPEV) shares are trading lower after Tesla, Inc. (NASDAQ:TSLA) and Li Auto, Inc. (NASDAQ:LI) announced price cuts on their electric vehicles in China. Tesla reduced prices on several models and its Full Self-Driving software in the U.S., while Li Auto cut prices by about 5% on multiple models in China. XPeng's stock is trading below its 50-day moving average and hit a new 52-week intraday low. The article also discusses the difficulty in predicting long-term stock prices but notes XPeng's annualized stock performance over the past 5 years is -20.05%.

Portfolio Pulse from Erica Kollmann

April 22, 2024 | 4:04 pm

Shares of Chinese EV stocks LI, NIO, and XPEV are trading lower following Tesla's decision to reduce vehicle prices in China, indicating competitive pressures that could impact their market share and profitability in the short term.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 10:46 am

Tesla faced a challenging week with job cuts, price reductions, and lowered analyst expectations, impacting its stock negatively. Rivian also announced job cuts due to the industry slowdown. Canoo received a 'Buy' rating from Benchmark, while Lucid showcased its 2024 Air Grand Touring with the longest range among US EVs. Fisker announced new dealer partnerships amid bankruptcy concerns. The KraneShares Electric Vehicles ETF saw a decline, reflecting broader market trends and specific company issues in the EV sector.

Portfolio Pulse from Shanthi Rexaline

April 20, 2024 | 1:33 pm

Today's session highlighted significant options activity in the Consumer Discretionary sector, with notable movements in stocks like TSLA, XPEV, F, LULU, RIVN, VFC, AMZN, TJX, WING, and AZO. The activity ranged from bullish to bearish sentiments, with trades involving both call and put options across various expiration dates and strike prices. This could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 5:35 pm

European passenger-car sales fell 2.8% in March, with BEV sales down 11.3%. Volkswagen and Stellantis NV reported significant drops in EV registrations, attributing the decline to reduced subsidies and high interest rates. Volkswagen's EV sales in Europe fell 24.3%, while Stellantis experienced a 12.6% decrease in registrations. Both companies anticipate a challenging 2024, with Volkswagen partnering with XPeng Inc to boost EV sales. The trend suggests European automakers need a new strategy to compete, especially against Chinese firms expanding in Europe.

Portfolio Pulse from Upwallstreet

April 18, 2024 | 1:52 pm

The U.S. is pressuring Mexico to withhold incentives, such as low-cost land and tax cuts, from Chinese EV makers. This move could impact the competitive landscape for electric vehicle companies in North America.

Portfolio Pulse from Charles Gross

April 18, 2024 | 10:06 am

NIO, XPeng, and Baidu are trading near their 52-week lows, presenting potential upside according to analysts. NIO's new models, XPeng's collaboration with Volkswagen, and Baidu's AI chatbot success are key highlights. Analysts predict significant upside for all, especially Baidu with an 83.13% potential increase.

Portfolio Pulse from Surbhi Jain

April 17, 2024 | 8:59 pm

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