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

The Federal Reserve is set to release stress test results for 23 banks, with expectations of sufficient capital levels. Deutsche Bank faces challenges with clients' missing Russian shares. Amazon plans to invest $26 billion in India by 2030. Lucid Group partners with Aston Martin for EV technology. Virgin Galactic announces its first commercial spaceflight crew. Pfizer discontinues one weight loss candidate while continuing another. XPeng plans to unveil its G6 Ultra Smart Coupe SUV. HSBC will exit Canary Wharf and set up a new HQ. Goldman Sachs begins laying off managing directors. Apollo backs Wolfspeed with $2 billion for expansion. JD.com plans to create an autonomous division.

Portfolio Pulse from Vandana Singh

June 26, 2023 | 1:54 pm

Chinese electric vehicle maker XPeng Inc. plans to launch the XPENG G6 Ultra Smart Coupe SUV on June 29. The vehicle is based on the company's next-generation smart electric platform architecture SEPA2.0 and has received over 25,000 orders within 72 hours of pre-sales commencement.

Portfolio Pulse from Nabaparna Bhattacharya

June 26, 2023 | 1:30 pm

XPeng Inc. (NYSE:XPEV), a leading Chinese smart EV company, is set to launch its G6 Ultra Smart Coupe SUV on June 29, 2023. The vehicle is the first production model built under XPeng's next-generation vehicle technology architecture SEPA 2.0.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 9:47 am

XPeng Inc's stock (XPEV) is trading lower by 5.97% amid concerns over China's economic recovery. China's central bank recently made rate cuts to stimulate the economy, but easing measures were not as extensive as anticipated due to property market concerns.

Portfolio Pulse from Henry Khederian

June 23, 2023 | 7:08 pm

Chinese stocks are trading lower due to potential economic concerns, following recent rate cuts by China's central bank to stimulate economic recovery.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 5:03 pm

China announced an extension of its new energy vehicle (NEV) purchase tax exemption, introducing a 520 billion yuan ($72.35 billion) package aimed at increasing auto demand. NEVs purchased in 2024 and 2025 will be eligible for a purchase tax exemption of up to 30,000 yuan per vehicle, with exemptions extending into 2026 and 2027 at reduced amounts. This has fueled a rally in Chinese EV stocks, including Li Auto and XPeng.

Portfolio Pulse from Adam Eckert

June 21, 2023 | 1:29 pm

US stocks are expected to have a cautious start on Wednesday as traders anticipate Federal Reserve Chair Jerome Powell's Congressional testimony. FedEx Corp.'s disappointing guidance may cause anxiety about the economy. Chinese EV startups Nio, XPeng, and Li Auto rally after China extends green-energy vehicle incentives.

Portfolio Pulse from Shanthi Rexaline

June 21, 2023 | 11:11 am

XPENG (NYSE:XPEV) has selected ACCESS Twine4Car in-vehicle infotainment (IVI) solution to provide apps, games, and streaming services for its new range of electric vehicles, starting with the XPENG P7 sedan. Existing XPENG drivers can upgrade their cars to include Twine4Car IVI through an OTA software update.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:05 am

XPeng Inc's stock is trading lower by 3.08% after China's central bank cut its one-year loan prime rate and five-year rate to stimulate economic recovery. The easing measures were not as extensive as anticipated due to concerns regarding the property market.

Portfolio Pulse from Henry Khederian

June 20, 2023 | 6:41 pm

Analysts have provided indifferent ratings for XPeng (NYSE:XPEV) within the last quarter, with an average 12-month price target of $9.76, a decrease of 0.41% from the previous average price target of $9.80.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 6:00 pm

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