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

Several consumer discretionary stocks experienced significant movement in Monday's pre-market session. E-Home Household Service, Connexa Sports Techs, Barnes & Noble Education, Faraday Future, Tupperware Brands, and Workhorse Gr saw their stocks rise, while Unique Fabricating, Polished.com, XPeng, Color Star Tech, QuantumScape, and Allied Gaming saw their stocks fall.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 1:06 pm

XPeng's stock has been downgraded from Buy to Neutral by UBS, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 1:00 pm

UBS analyst Paul Gong has downgraded XPeng (NYSE:XPEV) from Buy to Neutral and announced a $23 price target.

Portfolio Pulse from richadhand@benzinga.com

July 31, 2023 | 11:09 am

Electric vehicle stocks advanced in the week ending July 28, with Tesla, Rivian, and Chinese startups making significant moves. Tesla faced controversy over vehicle range claims but also made progress in its India plans, aiming to produce a low-cost EV for the Indian market. Rivian received a price target boost from Needham analyst Chris Pierce ahead of Q2 results. Chinese EV startup XPeng announced a partnership with Volkswagen, while competitor Nio is rumored to be teaming up with Mercedes-Benz. Ford pushed back its EV production goals, and Lucid teased its new Lucid Air Sapphire super sports sedan.

Portfolio Pulse from Shanthi Rexaline

July 29, 2023 | 1:00 pm

Benzinga's options activity scanner has identified unusual options activity in the Consumer Discretionary sector. The stocks involved are Tesla (TSLA), Carvana (CVNA), NIO Inc. (NIO), Ford (F), XPeng (XPEV), Li Auto (LI), Levi Strauss (LEVI), Farfetch (FTCH), Royal Caribbean Cruises (RCL), and DoorDash (DASH). The options activity ranges from bearish to bullish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 5:35 pm

NIO Inc's shares have risen by 28.3% over the past five sessions, trading higher due to China's recent measures to optimize its business environment. The company may also be benefiting from a framework agreement between peer Chinese EV maker XPeng Inc and Volkswagen. Volkswagen will acquire 4.99% of XPeng's outstanding share capital for $700 million.

Portfolio Pulse from Henry Khederian

July 28, 2023 | 2:32 pm

Jefferies has upgraded XPeng's stock from Hold to Buy and increased its price target from $7.8 to $25.3, leading to a rise in XPeng shares.

Portfolio Pulse from Benzinga Newsdesk

July 28, 2023 | 1:24 pm

Chinese electric vehicle (EV) companies Nio, XPeng, and Li Auto are seeing their stocks rise, driven by the Chinese government's economic support and partnerships with Volkswagen and potentially Mercedes-Benz. Morgan Stanley analyst Tim Hsiao has raised the price targets for these companies, citing anticipated improvements in fundamentals in the second half.

Portfolio Pulse from Shanthi Rexaline

July 28, 2023 | 12:11 pm

Jefferies analyst Johnson Wan has upgraded XPeng (NYSE:XPEV) from Hold to Buy and raised the price target from $7.8 to $25.3.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 9:13 am

XPeng shares are trading higher following the recent announcement of an investment from Volkswagen. This continued strength in the stock is attributed to the investment.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 5:50 pm

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