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

CLSA analyst Ding Luo has upgraded XPeng (NYSE:XPEV) from Outperform to Buy and announced a $24 price target.

Portfolio Pulse from richadhand@benzinga.com

August 08, 2023 | 10:59 am

According to the China Passenger Car Association, China sold 1.7 million passenger cars in July, a decrease of 2.6% YoY. Tesla exported 32,862 China-made vehicles in July.

Portfolio Pulse from Charles Gross

August 08, 2023 | 8:56 am

The EV market is a risky venture with Tesla and Chinese EV makers leading the race. Lordstown Motors and Nikola Corporation have fallen behind, with the former filing for bankruptcy. Chinese EV makers XPeng, Li Auto, and Nio are advancing rapidly. Traditional automakers like General Motors, Toyota, Volkswagen, and Ford are investing heavily in EVs. Stellantis, formed by Fiat Chrysler Automobiles and PSA Group, is also committed to EVs. Rivian and Tesla are set to release electric pickups, with Hyundai partnering with Worksport for solar-powered technology.

Portfolio Pulse from Upwallstreet

August 07, 2023 | 7:08 pm

HSBC analyst Yuqian Ding has upgraded XPeng (NYSE:XPEV) from Hold to Buy and announced a price target of $22.

Portfolio Pulse from richadhand@benzinga.com

August 07, 2023 | 3:21 pm

The week ending August 4 saw mixed results for electric vehicle (EV) stocks, with Tesla's China sales dropping 31% MoM but growing 128% YoY. Tesla also faced a class action lawsuit over exaggerated vehicle range claims and recalled 271 Model S and X vehicles in China. Fisker showcased its future product portfolio, including the world's lightest EV pickup truck, the Fisker Alaska. Nikola announced its fourth CEO transition in four years, with former GM executive Stephen Girsky taking over. GM-EVgo surpassed 1,000 fast-charging stall installations and reported better-than-expected Q2 results. Toyota expressed its intention to compete with domestic rivals in China's EV market.

Portfolio Pulse from Shanthi Rexaline

August 05, 2023 | 12:50 pm

Shares of Chinese companies are trading higher, rebounding after a fall on Wednesday. This is attributed to the expansion of China's service activity in July and state media reports suggesting that the wealth effect from investing gains could boost consumer income growth.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 2:18 pm

The article reports on the options activity of 10 consumer discretionary stocks. The stocks mentioned are Tesla (TSLA), Carvana (CVNA), Wayfair (W), Ford (F), Li Auto (LI), NIO (NIO), DoorDash (DASH), Capri Holdings (CPRI), XPeng (XPEV), and Expedia (EXPE). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:07 pm

Tesla's China-made vehicle sales dropped 31% in July compared to June, marking the first month-on-month decline since December. The company is also facing a class action lawsuit in California over alleged false advertising of its EVs' driving ranges. Meanwhile, Tesla's China competitors, BYD, Nio, XPeng, and Li Auto reported increased July deliveries. On the other hand, Worksport has started production of its 'made-in-the-USA' tonneau covers a week ahead of schedule and is working towards becoming the U.S. manufacturer of choice for innovative alternate energy systems.

Portfolio Pulse from Upwallstreet

August 04, 2023 | 1:43 pm

Over the past 3 months, 9 analysts have published their opinion on XPeng (NYSE:XPEV) stock. The company has an average price target of $13.82 with a high of $25.30 and a low of $6.00. This average price target has increased by 60.14% over the past month.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:39 am

XPeng Inc. has announced that Xinzhou Wu has resigned from his position as Vice President of Autonomous Driving. Liyun Li will be assuming the role.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:09 am

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