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 AeroHT, a subsidiary of XPeng Inc. (NYSE:XPEV), has successfully conducted a low-altitude flight test of its AeroHT Voyager X2 flying car in Guangzhou's central business district. This marks a significant milestone in urban air mobility. The test demonstrates the company's progress towards its vision for the future of transportation, showcasing safety features like a multi-parachute rescue system. XPeng's stock was trading 0.85% lower at $9.360 during Friday's premarket trading.

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 12:41 pm

Victoria's Secret reported mixed Q4 results with higher earnings but lower sales than expected, leading to a 32.1% drop in pre-market trading. The company also announced a $250 million share repurchase program and provided a full-year 2024 revenue forecast below estimates. Other stocks like Avid Bioservices, Solowin Holdings, ADT Inc., TriplePoint Venture Growth BDC Corp., MMTec, Inc., Dada Nexus Limited, and XPeng Inc. also saw pre-market declines due to various reasons including disappointing financial results, secondary public offerings, and completion of independent reviews.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 9:50 am

EV deliveries in China continue to decline, impacting shares of major EV manufacturers. Nio, XPeng, Li Auto, Tesla, and BYD all experienced significant share price drops following the release of February delivery figures by the China Passenger Car Association. Tesla and BYD's shipments decreased, with Tesla hitting its lowest level since December 2022 and BYD since May 2022. Li Auto, despite a YoY rise, saw a month-on-month drop, as did Nio and XPeng. Nio's Q4 results showed widened losses and a disappointing outlook, contrasting with XPeng and Li Auto's profitability. The intense competition and price war in the EV market in China are highlighted.

Portfolio Pulse from Upwallstreet

March 05, 2024 | 5:49 pm

Chinese EV makers, led by BYD Company ADR, are outpacing their global counterparts, including Tesla, in production speed and innovation. This has raised concerns among U.S. automakers and government officials about the potential market impact and national security threats posed by Chinese EVs. Despite facing a 25% tariff barrier, Chinese companies like NIO Inc are planning to enter the U.S. market by 2025. The U.S. is responding with investments in EV infrastructure and probes into the security risks of Chinese EV technology.

Portfolio Pulse from Natan Ponieman

March 04, 2024 | 10:05 pm

Electric vehicle stocks saw gains, with Tesla closing above $200 for the first time since mid-February. Key events included Tesla's Roadster update and Model Y price cut reversion, Apple shelving its self-driving car project, Fisker seeking partnerships to stay afloat, Biden's administration blocking Chinese EVs due to security risks, and Canoo's shareholder approval for a reverse stock split. The KraneShares Electric Vehicles ETF also saw a weekly increase.

Portfolio Pulse from Shanthi Rexaline

March 02, 2024 | 2:21 pm

XPeng Inc. (NYSE:XPEV) shares are up in premarket trading after the company reported a decrease in Smart EV deliveries year over year but showed strong performance in the electric MPV and three-row seater BEV segments with its X9 model. Additionally, XPENG announced the rollout of its unlimited XNGP ADAS function for experienced users in China, leading to a significant increase in smart driving mileage among its car owners during the Chinese New Year holiday.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 1:48 pm

US stocks are set for a modestly lower opening after recent gains, with attention on Fed speeches and economic data. The S&P 500 and Nasdaq hit new highs, while small-caps also saw gains. Premarket trading saw SPY and QQQ ETFs dip slightly. Notable stock movements include NetApp's surge and Fisker's decline post-earnings. Upcoming economic data includes manufacturing PMIs and consumer sentiment. Bond yields dipped, and crude oil futures rose.

Portfolio Pulse from Shanthi Rexaline

March 01, 2024 | 11:31 am

XPeng Inc. announced its February 2024 vehicle delivery results, delivering 4,545 Smart EVs, including 1,448 units of the XPENG X9. The X9 has nearly reached 4,000 units in its first two months, leading in the electric MPV and three-row seater BEV segments. The company expects to accelerate X9 deliveries in March due to capacity ramp-up and the resolution of supply chain issues.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:19 am

Xpeng shares are trading higher following the announcement of a partnership with Volkswagen to jointly develop two B-class battery electric vehicles, signaling a significant collaboration in the electric vehicle sector.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 6:21 pm

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable bullish sentiment was observed in TSLA, AMZN, RIVN, XPEV, LULU, and BABA options, while ABNB and PDD showed bearish sentiment. SBUX and CMG options displayed neutral sentiment. The activity involved both call and put options across various expiration dates and strike prices, suggesting diverse strategies by large investors.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:35 pm

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