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

XPeng shares are trading higher following NIO's positive Q1 financial results, as both companies operate in the electric vehicle market.

Portfolio Pulse from Benzinga Newsdesk

June 09, 2023 | 2:31 pm

U.S. stocks opened higher with the Nasdaq Composite gaining around 100 points. Consumer discretionary shares jumped by 1.3%, with Peloton Interactive and XPeng Inc. as top gainers. Vail Resorts reported weaker-than-expected Q3 results, while Braze, Kingsoft Cloud, and Medigus posted gains.

Portfolio Pulse from Lisa Levin

June 09, 2023 | 1:53 pm

XPeng Inc (XPEV) shares are trading higher by 7.92% to $9.13, in sympathy with NIO Inc (NIO) after the company reported first-quarter financial results. NIO announced a quarterly loss of 36 cents per share and sales of $1.55 billion, with vehicle deliveries totaling 31,041 units.

Portfolio Pulse from Henry Khederian

June 09, 2023 | 1:53 pm

China's government has instructed banks to offer credit support for car purchases, including new energy vehicles, to boost the auto industry amid a global chip shortage.

Portfolio Pulse from Charles Gross

June 08, 2023 | 9:44 am

China Passenger Car Association reported a 7.3% increase in passenger car sales in China for May, with 1.76 million vehicles sold compared to April.

Portfolio Pulse from Charles Gross

June 08, 2023 | 8:54 am

XPeng Inc's shares are trading lower by 2.60% due to lackluster export data from China, which revealed a 7.5% YoY decline in May exports and a 4.5% contraction in imports.

Portfolio Pulse from Henry Khederian

June 07, 2023 | 5:04 pm

XPeng option alert for July 21 $10 calls sweep near the ask with 862 contracts at $0.36, compared to 36,386 open interest; reference price at $8.605.

Portfolio Pulse from Charles Gross

June 06, 2023 | 4:46 pm

The Biden administration will remove the electric vehicle (EV) proposal from the final biofuel quota rule and eliminate up to 1.8 billion credits that EVs were expected to generate over the next two years.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 3:34 pm

Tesla's stock soared 10% amid CEO Elon Musk's visit to China, while Lucid Group's stock slumped due to a common stock offering. Ford announced a partnership with Uber to lease Mustang Mach-E EVs to Uber drivers, and Chinese EV companies Nio, XPeng, and Li Auto reported mixed delivery numbers for May.

Portfolio Pulse from Shanthi Rexaline

June 03, 2023 | 1:14 pm

AT&T's stock traded lower due to Amazon's talks with mobile carriers for low-cost service to Prime subscribers. Nike's shares rose in sympathy with Lululemon's strong Q1 results. XPeng gained on China's tax exemption extension for new energy vehicles. TQQQ gained amid tech sector strength and debt limit bill passage. SentinelOne's shares fell after weak Q2 guidance and analyst downgrades.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 1:01 pm

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