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

Today's session highlighted significant whale activity in the consumer discretionary sector, with notable options trading on stocks like TSLA, F, JD, XPEV, BABA, PDD, DASH, AAP, CVNA, and LULU. The trades varied in sentiment from bearish to bullish, involving both put and call options across various expiration dates and strike prices. This activity could indicate upcoming market movements as large investors position themselves in these stocks.

Portfolio Pulse from Benzinga Insights

March 22, 2024 | 5:35 pm

Alibaba Group Holding Ltd (NYSE:BABA) has sold $360 million worth of Bilibili Inc (NASDAQ:BILI) stock to fund AI investments and business revamp. The sale is part of Alibaba's strategy to focus on core retail and technology, including cloud computing and AI. This move comes as Alibaba aims to strengthen its position against competitors like PDD Holdings Inc (NASDAQ:PDD) and invests in Chinese AI startups. Bilibili faces profitability challenges despite its collaboration with Alibaba. Alibaba's stock has declined by 12% over the last year, but co-founder Jack Ma retains his stake, showing confidence in the company's potential.

Portfolio Pulse from Anusuya Lahiri

March 22, 2024 | 10:58 am

Alibaba Group Holding Ltd. (NYSE:BABA) sold approximately 33 million U.S.-traded shares of XPeng Inc. (NASDAQ:XPEV), totaling $317 million. The sale price was $9.60 each, a 2.9% discount to XPeng's closing price of $9.89. This follows a previous sale in December and comes despite ongoing collaboration between the two companies in R&D and marketing. XPeng reported a Q4 sales growth of 153.9% and expects vehicle deliveries to increase by 15.2% - 23.4% year-on-year in Q1. XPeng's stock closed down 3.84% at $9.51.

Portfolio Pulse from Anan Ashraf

March 21, 2024 | 8:48 am

XPeng Inc (XPEV) reported a reduced Q4 loss due to cost cuts, improving margins, and delivered 60,158 vehicles, marking a 170.9% YoY growth. Despite this, XPeng provided a cautious EV delivery guidance amid economic slowdown, similar to Tesla Inc (TSLA), which also expects lower vehicle volume growth. Both companies are launching affordable EVs, with XPeng's new model priced between $14,000 and $21,000, launching next month, and Tesla's at around $25,000, expected in mid-2025. The China Passenger Car Association noted a slowdown in China's EV sales, highlighting the competitive and challenging market environment.

Portfolio Pulse from Upwallstreet

March 19, 2024 | 5:52 pm

Tesla Inc (TSLA) announced price adjustments for its Model Y in the US, Europe, and China, aiming to maintain sales momentum amid declining auto gross margins. XPeng Inc (XPEV) and Nio Inc (NIO) are launching more affordable EV brands to compete in a slowing EV market. XPeng's new EVs will be priced between $14,000 and $21,000, targeting a competitive segment with a strategic partnership with Didi. Nio's mass-market brand 'Le Dao' targets families, aiming to boost deliveries. Tesla plans a low-cost EV by end of 2025, facing competition from BYD Company Limited (BYDDY) which recently surpassed Tesla in sales.

Portfolio Pulse from Upwallstreet

March 19, 2024 | 2:51 pm

XPeng shares are trading higher following the announcement of their Q4 financial results, which highlighted a significant year-over-year growth in deliveries of 170.9%.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 11:18 am

XPeng forecasts Q1 2024 revenue between RMB5.8B-RMB6.2B, marking a 43.8%-53.7% YoY increase, and vehicle deliveries of 21K-22.5K, up by 15.2%-23.4% YoY.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:15 am

Earnings reports for March 19, 2024, include a mix of projected profits and losses across various sectors. Notable companies like Tencent Music, HUYA, Caleres, XPeng, and ZTO Express are among those reporting. The reports span from technology and retail to biotech and mining, indicating a broad market impact.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 10:06 am

XPeng (NYSE:XPEV) reported Q4 earnings with a 39.0% beat on estimated EPS, reporting an EPS of $-0.28 versus an estimate of $-0.46. Revenue increased by $1.09 billion from the same period last year. Despite beating last quarter's EPS estimate, the share price dropped by 7% the next day. The company has shown varied performance in past quarters with both earnings and revenue fluctuating.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 10:05 am

XPeng reported a significant increase in vehicle deliveries for Q4 2023, totaling 60,158 units, marking a 170.9% rise YoY. The company expanded its physical sales network to 500 stores across 181 cities and grew its self-operated charging station network to 1,108 stations.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 10:04 am

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