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

Analyst Dan Ives remains bullish on Tesla (TSLA) despite its current lackluster phase. He views the UAW strike as a win for Tesla, as it could lead to higher costs for Detroit automakers like General Motors (GM), Ford (F), and Stellantis (STLA), which could be passed on to consumers. Ives also believes Tesla will be able to absorb excess inventory by Q4 and that demand will increase with the start of Cybertruck production. He sees Tesla gaining market share in China and views the company as a disruptive technology company rather than just an auto company.

Portfolio Pulse from Shanthi Rexaline

October 04, 2023 | 7:19 am

The U.S. is seeking to secure electric vehicle (EV) battery mineral deals outside of China, according to a diplomat. This move could potentially impact the supply chains of several EV manufacturers.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 5:42 pm

Cheche Group Inc. (NASDAQ:CCG) has expanded its partnership with Xpeng, Inc. (NYSE:XPEV) to provide insurance services for Xpeng's EVs in ten cities. Xpeng's robust sales growth, with August's G6 deliveries exceeding 7,000 units, has been accompanied by Cheche's sophisticated insurance service platform. The partnership has established a new growth model for Xpeng and integrated opportunities for Cheche's digital insurance services.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 1:07 pm

NIO Inc., Li Auto Inc., Antelope Enterprise Holdings Limited, Upexi Inc., and XPeng Inc. are the stocks to watch heading into Monday. NIO and Li Auto reported significant year-over-year increases in their September deliveries. Antelope Enterprise and Upexi are expected to report their financial results. XPeng also reported a substantial increase in its September deliveries.

Portfolio Pulse from Lisa Levin

October 02, 2023 | 8:33 am

XPeng Inc. (NYSE:XPEV) announced its vehicle delivery results for September and the third quarter of 2023. In September, XPENG recorded monthly deliveries of 15,310 Smart EVs, a 12% increase over the prior month and an 81% increase YoY. XPENG G6 deliveries reached 8,132 units in September, bringing cumulative G6 deliveries to 19,381 units. Total Smart EV deliveries for Q3 2023 reached 40,008 units, a QoQ increase of 72%.

Portfolio Pulse from Charles Gross

October 01, 2023 | 1:53 pm

The week ending on Sept. 29 saw mostly positive performance for electric vehicle (EV) stocks, despite a muted broader market. Tesla is preparing for its Q3 deliveries, with estimates adjusted due to production suspensions at its Giga Shanghai and Giga Texas plants. Rivian's CEO dismissed concerns over competition with Tesla's Cybertruck. Lucid Group opened its first international manufacturing plant in Saudi Arabia. Faraday Future's stock plummeted following its proposed stock sale. Nio is rumored to be exploring a partnership with Mercedes-Benz. The KraneShares Electric Vehicles and Future Mobility Index ETF ended the week up 0.73%.

Portfolio Pulse from Shanthi Rexaline

September 30, 2023 | 2:53 pm

XPeng Inc. (XPEV) shares are trading higher after the company announced it will purchase 74.82% of Dogotix shares for approximately $98.96 million. The deal will close on October 9, 2023. Dogotix is a large-scale bionic robot developer. XPeng also reported a 39.9% YoY decrease in vehicle deliveries and a 38.9% decrease in total revenue. The company has begun shipping 750 vehicles to Israel as part of its international expansion.

Portfolio Pulse from Nabaparna Bhattacharya

September 29, 2023 | 3:35 pm

XPeng's board has approved share purchase agreements between the sellers, purchaser and Dogotix, leading to a rise in XPeng's share price.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 12:22 pm

XPeng has announced that its board has approved share purchase agreements between the sellers, purchaser, and Dogotix. The purchaser has agreed to buy approximately 74.82% of the total issued shares of Dogotix for around $98.96 million.

Portfolio Pulse from Charles Gross

September 29, 2023 | 10:18 am

Chinese electric vehicle (EV) manufacturer XPeng Inc. has reportedly started shipping 750 G9 SUVs and P7 sedans to Israel, marking its largest single shipment to an international market. The vehicles are expected to officially enter the Israeli market in October through regional dealership Freesbe. This is the company's second vehicle shipment to Israel within this month. XPeng's shares are trading lower by 0.36% to $16.63 on Tuesday.

Portfolio Pulse from Nabaparna Bhattacharya

September 26, 2023 | 4:40 pm

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