Chinese electric vehicle maker Xpeng will hire more than 6,000 workers in 2025, founder and CEO He Xiaopeng said on Tuesday.
Chinese luxury EV maker Xpeng reported deliveries of 30,895 units for November, a 54% year-over-year increase and up 29% from the previous month. The company also delivered a total of 153,373 EVs during the first 11 months of the year, up 26% year-over-year.
Welcome to the green stock news brief for Monday, December 2nd. Here are today's top headlines: XPeng (NYSE: XPEV) has delivered a record 30,895 Smart EVs in November 2024, marking a 54% year-over-year increase.
XPeng Inc.'s eye-watering rally since August was dampened after the company reported a tempered sales outlook for Q4 this week. Despite optimism for accelerating volume growth, the comparatively softer strength in XPeng's revenue prospects highlights imminent ASP pressures. Looking ahead, the introduction of four new models next year, alongside the implementation of an EREV strategy, is likely to reduce visibility on its longer-term fundamental trajectory.
XPEV reports third-quarter revenues of $1.44 billion due to strong growth in year-over-year deliveries.
Chinese electric car maker Xpeng is expected to break even sometime later in 2025, its President Brian Gu said, betting on strong demand for its new models and a steady overseas expansion to improve its profitability.
Brian Gu of Xpeng talks about his company's AI strategy, believing that it will improve driving systems and customer experience. He still sees Europe as a key market despite tariff risks, and is focusing on building up local capacity within Europe.
XPeng Inc. (NYSE:XPEV ) Q3 2024 Earnings Conference Call November 19, 2024 8:00 AM ET Company Participants Alex Xie - Head, Investor Relations and Capital Markets He Xiaopeng - Co-Founder, Chairman, and Chief Executive Officer James Wu - Vice President, Finance and Accounting Brian Gu - Vice Chairman and President Charles Zhang - Vice President, Corporate Finance and VW Projects Conference Call Participants Tim Hsiao - Morgan Stanley Ming Hsun Lee - Bank of America Bin Wang - Deutsche Bank Tina Hou - Goldman Sachs Nick Lai - J.P. Morgan Operator Hello, ladies and gentlemen, thank you for standing by for the Third Quarter 2024 Earnings Conference Call for XPeng Inc. At this time, all participants are in listen-only mode.
XPeng's stock gains after quarterly results top expectations, and the deliveries outlook was upbeat.
Xpeng Inc (NYSE: XPEV) has picked International Motors Ltd (IML) as its official distributor in the United Kingdom. Shares of the electric vehicle company are up 5% on Tuesday.
XPeng reports a third-quarter loss that was narrower than expected.
Chinese electric vehicle maker XPeng forecast fourth quarter revenue above Wall Street estimates on Tuesday, thanks to new car models and improving domestic market.