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

14.01

Mkt cap

12B

Volume

15M

High

14.50

P/E Ratio

-11.78

52-wk high

18.74

Low

13.86

Div yield

N/A

52-wk low

6.55

JP Morgan analyst Nick Lai has upgraded XPeng (NYSE:XPEV) from Neutral to Overweight and increased the price target from $8 to $11.5.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:07 pm

XPeng Inc. (NYSE:XPEV) shares are trading higher due to the unveiling of its modular flying car, the Land Aircraft Carrier, by its flying car division, Xpeng Aeroht. The company plans mass production and deliveries in 2026, with a price of up to $280,000. The first public manned flight is scheduled for November. XPeng's Guangzhou factory aims to produce over 10,000 units annually. XPeng delivered 14,036 Smart EVs in August, a 3% increase year-over-year.

Portfolio Pulse from Nabaparna Bhattacharya

September 03, 2024 | 4:52 pm

Several stocks saw significant gains on Tuesday despite a general market downturn. Vaxcyte's shares surged 43.5% following positive trial results for its vaccine candidate. Shoals Technologies rose 21.8% after a favorable legal ruling. Polestar Automotive gained 16% with a new CFO appointment. Applied Optoelectronics and Unity Software also saw notable increases due to analyst upgrades.

Portfolio Pulse from Avi Kapoor

September 03, 2024 | 2:47 pm

China's leading electric vehicle manufacturer, BYD Co., has decided to delay announcing a major plant investment in Mexico until after the US election. This decision is influenced by the uncertainty in American policy, prompting a cautious approach from global businesses.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:33 pm

Chinese stocks like Alibaba, Li Auto, and Baidu are experiencing a pre-market decline due to a drop in the Shanghai Composite Index, influenced by a fall in Chinese bank stocks. This has led to a selloff in Chinese firms listed in the U.S.

Portfolio Pulse from Pooja Rajkumari

September 03, 2024 | 11:11 am

XPeng Inc. reported delivering 14,036 Smart EVs in August 2024, marking a 3% year-over-year increase and a 26% rise from the previous month. The company has delivered 77,209 vehicles in the first eight months of 2024, a 17% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 7:24 am

Chinese EV makers reported steady sales in August amid intense competition. XPeng showed strong growth, while Nio and Li Auto saw slight declines from July. BYD's plug-in hybrids performed well. Tesla faces challenges in China due to competition and lack of low-end models.

Portfolio Pulse from Shanthi Rexaline

September 01, 2024 | 7:18 pm

The EV sector saw mixed results this week with Tesla extending its zero-interest financing in China, Rivian facing a fire incident, and XPeng surging due to strong demand for its new model. Lucid is working on affordable EVs, and BYD plans to expand internationally.

Portfolio Pulse from Shanthi Rexaline

August 31, 2024 | 1:33 pm

XPeng's new electric vehicle, Mona M03, has received over 30,000 orders within 48 hours of its launch, posing a competitive threat to Tesla in China. The Mona M03 is priced significantly lower than Tesla's Model 3, highlighting Tesla's challenges in the lower-end market segment.

Portfolio Pulse from Shanthi Rexaline

August 30, 2024 | 9:12 am

XPeng shares rise as the company plans a European manufacturing site to mitigate import tariffs and launches a $20,000 vehicle with self-driving features.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 4:10 pm

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