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

Chinese EV stocks are trading lower due to concerns over China's economic weakness and potential military links to Baidu's AI research. The sector is also reacting to Tesla's recent price cuts in China, which could increase competition.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 8:42 pm

LQR House Inc. (NASDAQ:LQR) shares surged by approximately 16% in pre-market trading after Borg's investor group acquired a 20% stake in the company. The article also lists other stocks that are moving in the pre-market, with Rail Vision Ltd. (NASDAQ:RVSN) leading the gainers and Ault Alliance, Inc. (NYSE:AULT) heading the losers.

Portfolio Pulse from Avi Kapoor

January 16, 2024 | 12:52 pm

Electric vehicle stocks, including Tesla, Lucid Group, and XPeng, faced declines amid investor concerns over Tesla's price cuts in China and a bearish EV market. Tesla's refreshed Model 3 launched in North America, but price reductions in China may lead to lower earnings estimates. Hertz plans to sell a portion of its EV fleet to reinvest in ICE vehicles, reversing its previous EV-focused strategy. Lucid reported lower Q4 production and deliveries year-over-year. XPeng showcased a flying car at CES 2024 and plans to open pre-orders in Q4. Canoo acquired manufacturing assets at a discount but saw its stock fall. Honda unveiled '0' series concept EVs at CES with a potential North American launch in 2026. The KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) also dropped.

Portfolio Pulse from Shanthi Rexaline

January 13, 2024 | 2:03 pm

XPeng Aeroht, the flying car subsidiary of XPeng Inc (NYSE:XPEV), showcased its flying supercar concept at CES 2024. The vehicle features a design that allows for both driving and flying, with manipulator arms and rotor systems that can be folded into the car. XPeng Aeroht also updated on its modular flying car, the 'Land Aircraft Carrier,' which has separate aerial and ground modules. Pre-orders in China will start in Q4 this year, and mass production is expected in 2025 with a price around one million yuan ($140,764).

Portfolio Pulse from Anan Ashraf

January 10, 2024 | 12:49 pm

At CES 2024, several companies are showcasing new technologies and products. NVIDIA Corporation (NVDA) announced new products and partnerships. Walmart Inc (WMT) will discuss using technology in retail's future. Intel Corporation (INTC) will focus on making AI more accessible. Honda Motor Co Ltd (HMC) plans to reveal a new electric vehicle series. XPeng Inc (XPEV) will present its flying car unit. Netflix Inc (NFLX) will promote its upcoming series 'The Three-Body Problem' with an immersive experience.

Portfolio Pulse from Chris Katje

January 08, 2024 | 11:58 pm

Goldman Sachs analyst Tina Hou initiated coverage on Nio Inc (NYSE:NIO) with a 12-month price target of $8.40, citing potential cost tailwinds and a light new model pipeline. Despite Nio's early mover advantage and premium brand, it faces declining market share and growth challenges against competitors like Tesla (TSLA), Li Auto (LI), XPeng (XPEV), and BYD (BYDDF, BYDDY). Nio's recent funding has eased immediate concerns, but positive FCF is not expected until post-2026. Risks include brand performance, battery price volatility, industry demand, competitive landscape, and liquidity issues. Nio's stock was slightly down at $8.05.

Portfolio Pulse from Surbhi Jain

January 08, 2024 | 6:54 pm

Electric vehicle stocks fell in the week ending Jan. 5, with Tesla's Q4 deliveries exceeding expectations but not enough to lift the sector. Tesla lost its global EV leader status to BYD, faced a recall in China, and will provide 2024 guidance on Jan. 24. Rivian's Q4 deliveries slightly missed estimates, while Fisker adopted a dealer distribution model. Ford adjusted F-150 Lightning prices, and GM plans to compensate buyers for lost EV tax credits. The KraneShares Electric Vehicles ETF fell by 5.53% for the week.

Portfolio Pulse from Shanthi Rexaline

January 06, 2024 | 2:59 pm

Brian Gu, Vice Chairman and Co-president of XPeng Inc., has high hopes for the X9 model, calling it a 'game-changer' for the EV industry. The X9, a seven-seater EV, launched on Jan. 1 in China, is priced between $50,360 and $58,760. XPeng's November 2023 deliveries hit a record of 20,041 vehicles, a 245% increase YoY. However, XPeng's stock suffered when Alibaba announced a sell-off of its shares. XPeng competes with other Chinese EV makers like Nio, Huawei, and Zeekr, and plans to introduce driver-assist technology in China and Europe by 2024.

Portfolio Pulse from Benzinga Neuro

January 05, 2024 | 11:36 am

Goldman Sachs initiated coverage on Li Auto Inc (NASDAQ:LI) with a Buy rating and a price target of $52.90, suggesting a 52.9% upside. Analyst Tina Hou highlighted Li Auto's strong position in China's NEV market, innovative technology, and robust growth prospects with new model launches and an expanding sales network. Risks include market demand fluctuations and competition. Goldman is neutral on NIO Inc due to decreasing market share and a mature product lineup. Li Auto's growth is underscored by a 182% year-on-year increase in deliveries, with over 50,000 cars in December 2023.

Portfolio Pulse from Surbhi Jain

January 03, 2024 | 8:21 pm

BYD Company Limited surpassed Tesla in battery-only EV sales for the first time, ending 2023 with over 3 million new EVs produced. Tesla, while still leading in battery-only production, delivered 1.8 million EVs in 2023. Xiaomi Corporation announced its entry into the EV market, challenging Tesla and Porsche. Li Auto Inc reported a record high in deliveries and a 182% YoY growth, with plans to launch a battery-powered vehicle. XPeng Inc reported a 17% YoY rise in deliveries and record figures for December and Q4. BYD's in-house battery production has allowed it to cut prices and boost sales, despite falling short of CLSA's expectations.

Portfolio Pulse from Upwallstreet

January 02, 2024 | 6:56 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.