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 Inc. (NYSE:XPEV) stock is trading higher after Volkswagen announced plans to develop an affordable EV platform in China. XPeng and Volkswagen have a partnership to develop two new EV models for mid-level customers, with a rollout expected in 2026. XPeng recently unveiled the XPeng X9 Large 7-seater MPV for the Chinese market. Over the last five days, XPEV shares have risen over 14%, and in the past six months, they have increased by 114%.

Portfolio Pulse from Erica Kollmann

November 24, 2023 | 4:17 pm

XPeng Inc. shares are experiencing an uptick following an announcement by Volkswagen that it plans to develop a platform for budget-friendly electric vehicles (EVs) in China, which could potentially increase competition in the Chinese EV market.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 2:19 pm

iRobot Corporation (NASDAQ:IRBT) shares surged in pre-market trading on news that Amazon.com Inc.'s (NASDAQ:AMZN) proposed $1.4 billion acquisition of iRobot is close to receiving unconditional approval from EU antitrust authorities. Other stocks such as Fisker Inc. (NYSE:FSR), Shoals Technologies Group, Inc. (NASDAQ:SHLS), Bitfarms Ltd. (NASDAQ:BITF), XPeng Inc. (NYSE:XPEV), Hesai Group (NASDAQ:HSAI), Groupon, Inc. (NASDAQ:GRPN), and Spirit Airlines, Inc. (NYSE:SAVE) also saw gains in pre-market trading.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 11:15 am

Electric vehicle stocks saw gains in the week ending Nov. 18, with Tesla (TSLA) up over 10% despite controversy over CEO Elon Musk's support for antisemitic content. Tesla faces union issues in Sweden and prepares for the Cybertruck launch. Nikola (NKLA) announced the resignation of CFO Anastasiya Pasterick. Fisker (FSR) reported disappointing Q3 results and internal control weaknesses. Rivian (RIVN) offers incentives for R1T purchases. Volkswagen (VWAGY) recalls ID.4s over flammability concerns. The KraneShares Electric Vehicles ETF (KARS) ended the week up 4.51% but down 0.88% on Friday.

Portfolio Pulse from Shanthi Rexaline

November 18, 2023 | 2:39 pm

XPENG Motors, a Chinese Smart EV company listed on NYSE as XPEV, unveiled its new XPENG X9 Large 7-seater MPV at Auto Guangzhou 2023. The vehicle is targeted at the Chinese market, with presale prices beginning at RMB 388,000.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 8:47 am

Labor disputes are affecting major automakers like Ford, Stellantis, and General Motors, with potential strikes looming if UAW agreements are rejected. Tesla also faces labor issues in Sweden. In contrast, XPeng and Worksport reported strong Q3 results, with Worksport's North American sales surging and securing significant orders and agreements. Worksport's 'Made in the USA' products and R&D investments position it well in the market. Hyundai, Toyota, and Honda have raised wages, while Tesla's refusal to negotiate in Sweden and price war strategies may impact its margins and market position.

Portfolio Pulse from Upwallstreet

November 15, 2023 | 4:04 pm

Numerous companies are scheduled to report their earnings on November 15, 2023. The list includes a mix of projections for both profits and losses. Notable companies reporting before the bell include TJX Companies, Target, and JD.com, with TJX and Target expected to report significant revenues. After the bell, investors will look out for earnings from Cisco Systems, Palo Alto Networks, and Copa Holdings, among others. The earnings reports will provide investors with insights into the companies' financial health and could influence stock prices in the short term.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 12:30 pm

XPeng Inc (XPEV) reported a 25% year-on-year sales growth in Q3 FY23, surpassing consensus estimates with revenues of $1.17 billion. Adjusted net loss per ADS was better than expected at $(0.44). Vehicle deliveries grew by 35.3% to 40,008 units, driven by strong G6 sales. However, gross and vehicle margins turned negative compared to the previous year. XPeng forecasts a significant increase in Q4 vehicle deliveries and revenue, expecting to beat consensus revenue estimates. Despite the positive outlook, XPEV shares dropped by 1.47% in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 15, 2023 | 12:19 pm

XPeng (NYSE:XPEV) reported Q3 earnings with an EPS of $-0.44, beating the estimate of $-0.53 by 16.98%. Revenue increased by $209.84 million compared to the same period last year. Despite beating this quarter, XPeng's share price dropped 4.28% the day after last quarter's earnings miss. Historical earnings show mixed results with both misses and beats on EPS estimates.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 11:10 am

XPeng Inc. forecasts Q4 vehicle deliveries to reach 59.5K-63.5K, a 101.2%-114.7% increase YoY. Revenue is projected to be RMB12.7B-RMB13.6B, up 86.1%-99.3% YoY, surpassing the $1.68B estimate.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 10:09 am

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