Chinese electric vehicle maker Xpeng on Tuesday priced the first model under its budget sub-brand MONA at $16,813, wedging into the mainstream, yet hyper-competitive segment of the world's largest auto market where demand slows.
Xpeng Inc (NYSE: XPEV) has been cut in half this year but He Xiaopeng – its chief executive remains bullish as ever on the EV stock. Xiaopeng invested over $13 million in his company's stock last week.
XPeng (XPEV) ADRs rose Monday after the Chinese electric vehicle (EV) maker said that Chief Executive Officer (CEO) Xiaopeng He bought more than 2 million of the company's shares.
Shares of Chinese electric-vehicle maker XPeng jumped almost 8% to start a new week of trading.
Despite 2024 being marked by insider sales from notable S&P 500 companies, with electric vehicle (EV) makers not being an exception, XPeng (NYSE: XPEV) CEO recently bought $13.2 million of XPEV shares.
Xpeng's recent performance has left investors questioning whether a turnaround is still possible. As the company faces mounting challenges on multiple fronts, investor hopes seem to be fading.
XPeng Inc. (NYSE:XPEV ) Q2 2024 Earnings Conference Call August 20, 2024 8:00 AM ET Company Participants Alex Xie - Head of Investor Relations Xiaopeng He - Co-Founder, Chairman and Chief Executive Officer James Wu - Vice President of Finance and Accounting Brian Gu - Vice Chairman and President Conference Call Participants Tim Hsiao - Morgan Stanley Ming Hsun Lee - Bank of America Bin Wang - Deutsche Bank Paul Gong - UBS Tina Hou - Goldman Sachs Xinchi Yin - CITIC Securities Yuqian Ding - HSBC Operator Hello, ladies and gentlemen, thank you for standing by for the Second Quarter 2024 Earnings Conference Call for XPeng Inc. At this time, all participants are in listen-only mode. After management's prepared remarks, there will be a question-and-answer session.
American depositary receipts (ADRs) of XPeng (XPEV) dropped Tuesday after the Chinese electric vehicle (EV) maker reported weaker-than-expected revenue, although it had a smaller-than-anticipated loss as it benefited from a deal with Volkswagen.
XPeng's American depositary receipts rise after the Chinese EV maker posts losses narrower than Wall Street expected.
Chinese firm XPeng , forecast third-quarter revenue below analysts' expectations and missed June-quarter sales estimates on Tuesday, hurt by stiff competition and a drop in demand for its aging line-up of pricey electric vehicles.
China-based EV-maker XPeng Inc XPEV faces bearish signals ahead of an Aug. 27 launch event for the Mona M03, a car model priced under RMB 200,000 (US$28,000).
Cingulate Inc (NASDAQ: CING), a biopharmaceutical firm specializing in innovative ADHD treatments, experienced a remarkable surge in its stock price on Friday, with shares skyrocketing by 115%. This dramatic increase is attributed to the company's recent achievement of securing a European patent for CTx-1301, its flagship ADHD treatment.