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

As of September 30, 2023, XPeng has expanded its physical sales network to 395 stores and its self-operated charging station network to 1,057 stations, which includes 854 supercharging stations and 203 destination charging stations.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 10:06 am

XPeng Inc. reported a significant increase in vehicle deliveries for Q3 of 2023, with a total of 40,008 vehicles delivered. This represents a 72.4% month-over-month increase from the 23,205 vehicles delivered in Q2 of 2023.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 10:04 am

XPeng (NYSE:XPEV) reported Q3 adjusted EPS of $(0.44), surpassing the $(0.53) estimate, and sales of $1.17B, slightly above the $1.16B estimate. Despite beating estimates, the EPS represents a 22.22% year-over-year decline, while sales show a 21.88% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 10:02 am

XPeng Inc. (NYSE:XPEV) will present its first flagship MPV model, the XPENG X9, at Auto Guangzhou 2023. The X9, which debuted on XPeng's 2023 Tech Day, features a futuristic design and is built on the SEPA2.0 Smart EV architecture. It includes an 800V high-voltage SiC architecture and XOS Tianji cabin software. XPeng reported a record 20,002 smart EV deliveries in October, a 292% increase year-over-year. The company's Q3 FY23 earnings will be released on November 15, 2023. XPEV shares rose by 4.47% to $16.36.

Portfolio Pulse from Nabaparna Bhattacharya

November 14, 2023 | 3:59 pm

XPeng (NYSE:XPEV) is scheduled to release its quarterly earnings report on Wednesday, 2023-11-15, with analysts expecting an EPS of $-0.53. Investors are looking for an earnings beat and positive guidance for future growth. XPeng's stock performance has been positive over the last 52 weeks, with shares up 105.17%, and is currently trading at $15.66. Past earnings have shown mixed results with both misses and beats affecting stock prices variably.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 3:00 pm

XPENG, a Chinese electric vehicle manufacturer, is set to unveil its flagship Multi-Purpose Vehicle (MPV), the XPENG X9, at Auto Guangzhou 2023. This event is significant as it showcases the company's latest advancements in the electric vehicle space and could potentially influence investor sentiment and the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 11:05 am

Elon Musk and Tesla fans have pointed out the similarities between XPeng's latest UI visualization and Tesla's FSD UI. A video shared by a Tesla enthusiast sparked comments about the apparent copying of Tesla's interface design. Musk responded with a thinking face emoji, further fueling the discussion. This is not the first time Tesla has accused XPeng of imitation; Tesla sued a former engineer in 2019 for copying Autopilot source code before joining XPeng, which was settled in 2021.

Portfolio Pulse from Anan Ashraf

November 14, 2023 | 9:55 am

Electric vehicle stocks experienced a downturn in the week ending Nov. 11, with Lucid Group reporting a disappointing quarter and lowering its 2023 production outlook. Tesla faced unionization support from President Biden and labor issues in Sweden, while also adjusting prices in China. Fisker is seeking manufacturing partners, and Canoo unveiled a new electric truck. Mercedes-Benz is expanding its charging network in the U.S. The KraneShares Electric Vehicles ETF saw a weekly decline.

Portfolio Pulse from Shanthi Rexaline

November 11, 2023 | 3:28 pm

According to the China Passenger Car Association, car sales in China are expected to rise by over 20% in November. This follows a nearly 10% year-on-year increase in October, marking the third consecutive month of gains.

Portfolio Pulse from Charles Gross

November 08, 2023 | 9:57 am

Chinese EV manufacturer XPeng Inc showcased its bipedal robot at its fifth annual Tech Day. The robot can navigate diverse terrains, play soccer, ride a Segway, and potentially drive a car. The robot's capabilities are being compared to Tesla Inc's humanoid robot Optimus.

Portfolio Pulse from Anan Ashraf

November 06, 2023 | 9:29 am

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.