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

Citigroup analyst Jeff Chung maintains a 'Sell' rating on XPeng (NYSE:XPEV), but has raised the price target from $6.28 to $15.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:00 am

Several US stocks traded lower in Wednesday's pre-market session. Cambium Networks, trivago, SolarEdge Technologies, TMC the metals company, Sprouts Farmers Market, Camping World Holdings, XPeng, Virgin Galactic Holdings, DBV Technologies, Lumen Technologies, Tilray Brands, NIO, and Silk Road Medical all saw declines. The drops were largely due to worse-than-expected Q2 results, weak Q3 guidance, and corporate updates.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 10:48 am

XPeng reported a 28% increase in deliveries for July, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:14 am

Li Auto Inc. (NASDAQ:LI) shares are trading higher following strong July delivery data. The company announced that it delivered 34,134 vehicles in July 2023, a 227.5% YoY increase. The cumulative deliveries of Li Auto vehicles in 2023 reached 173,251. Nio (NYSE:NIO) and Xpeng (NYSE:XPEV) also reported deliveries. Li Auto is set to report Q2 earnings on Aug. 8, expected to be 12 cents per share and revenue of $3.70 billion.

Portfolio Pulse from Ryan Gustafson

August 04, 2023 | 10:03 am

Chinese EV startups Li Auto and XPeng reported their July delivery numbers. Li Auto saw a year-on-year increase of 227.5% to 34,134 vehicles, surpassing its previous month's delivery record. XPeng delivered 11,008 EVs in July, a 28% increase over the prior month, marking the company’s six straight month of delivery number growth. However, XPeng's delivery numbers are a slump from July last year.

Portfolio Pulse from Anan Ashraf

August 01, 2023 | 9:35 am

XPeng Inc. (NYSE:XPEV), a leading Chinese smart electric vehicle company, announced its vehicle delivery results for July 2023. The company recorded monthly deliveries of 11,008 Smart EVs, a 28% increase over the prior month. This marks the sixth consecutive month of delivery growth for XPeng.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 9:09 am

The article lists the stocks that gained and lost the most in Monday's trading session. Some of the notable gainers include Yellow Corporation, which saw its shares jump 106% after ceasing operations, and Archer Aviation, which climbed 41.8% after entering into contracts with the US Air Force. On the other hand, Apellis Pharmaceuticals fell 18.8% after reporting its quarterly financial results, and Alset Capital Acquisition Corp. shares fell 27.9%.

Portfolio Pulse from Lisa Levin

July 31, 2023 | 7:30 pm

During Monday's intraday session, several consumer discretionary stocks experienced significant movements. Tupperware Brands (TUP), Barnes & Noble Education (BNED), Cazoo Gr (CZOO), Foresight Autonomous (FRSX), Interactive Strength (TRNR), and Faraday Future (FFIE) saw their stocks rise, with TUP leading the gainers with a 41.3% increase. On the other hand, Unique Fabricating (UFAB), EBET (EBET), XPeng (XPEV), Birks Group (BGI), Esports Entertainment (GMBL), and EpicQuest Education Group (EEIQ) saw their stocks fall, with UFAB leading the losers with a 26.6% decrease.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:31 pm

Last week, Tesla Inc (TSLA) initiated discussions about constructing a factory in India. Volkswagen AG (VWAGY) formed a partnership with Chinese EV rival, XPeng (XPEV), investing approximately $700 million for a 4.99% stake. Stellantis (STLA), General Motors (GM), and Honda (HMC) are collaborating to establish EV charging services across the US. Volkswagen's EV growth has been slower than expected, with BEV sales growing only 26% YoY. However, the company is taking steps to strengthen its position in China.

Portfolio Pulse from Upwallstreet

July 31, 2023 | 3:24 pm

XPeng Inc - ADR (NYSE:XPEV) shares dropped by 13.7% after UBS downgraded the stock from Buy to Neutral. This follows a 57% rally last week when XPeng announced a strategic partnership with the Volkswagen Group. Volkswagen will purchase 4.99% of XPENG's outstanding shares at $15 per share, totaling approximately $700 million. The two companies will jointly develop two B-class battery electric vehicles for sale in China under the Volkswagen brand.

Portfolio Pulse from Henry Khederian

July 31, 2023 | 3:00 pm

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