Xpeng president says Chinese EV firm remains committed to Europe despite pressure from tariffs
Reflecting on the EU's decision to adopt higher tariffs on Chinese EV imports, Xpeng President Brian Gu, said that this has put "a lot of pressure" on the company's business model. The firm has a "long-term focus" in the continent and is aiming to "find every possible way to address and make ourselves competitive," he told CNBC.
Xpeng has long-term plan for Europe despite tariffs, president says
Brian Gu, vice chairman and president of Xpeng joins CNBC Europe from the Paris Motor Show to discuss the EV transition in Europe and the EV market in China.
XPeng Makes A Golden Cross, Ignites Bullish Momentum As P7+ Sedan Launches
XPeng Inc. XPEV is shifting gears with a Golden Cross formation that suggests strong bullish momentum, just as the company unveils its highly anticipated P7+ all-electric sedan.
Why is Xpeng stock crashing?
During the premarket trading session on October 14, Chinese automaker Xpeng Inc (NYSE: XPEV) share price cratered by 7.08%.
XPeng Inc. Sponsored ADR (XPEV) Beats Stock Market Upswing: What Investors Need to Know
The latest trading day saw XPeng Inc. Sponsored ADR (XPEV) settling at $12.90, representing a +1.9% change from its previous close.
XPeng: Cautious Optimism Backed By Aggressive Global Expansion
Initiating coverage on XPeng stock with a "Buy" rating and a 24-month horizon with the possibility of growth acceleration and narrowing of EBITDA level losses. XPeng's low-priced MONA MO3 EV targets a significant market, supporting sales growth despite potential margin compression, with encouraging initial response. Aggressive international expansion, particularly in Europe, and strategic partnerships, such as with Volkswagen, are key growth catalysts for XPeng.
XPEV Rises as New AI Car Launch Approaches
On Wednesday, most electric vehicle stocks experienced declines. However, XPeng (XPEV, Financial) rose over 1.4%, and Rivian Automotive (RIVN) saw an increase of over 3%.
New Lower Priced Models Help Xpeng Stock See Record Sales
Chinese luxury EV maker Xpeng delivered a record 21,352 vehicles in September, up 39.5% year-on-year and up 52% from August. Xpeng's total year-to-date sales stand at about 98,561 vehicles, up 21% versus last year.
JPMorgan Boosts Investment in Chinese Assets with Significant Stock Purchases
JPMorgan Chase has significantly increased its investment in Chinese assets, acquiring a considerable amount of stock in several major companies. According to the Hong Kong Stock Exchange data, the firm expanded its stake in XPeng Inc. (XPEV, Financial) by approximately HKD 639 million, raising its holding from 4.57% to 5.35%.
JPMorgan (XPEV) Boosts Investment in Chinese Assets with Significant Stock Purchases
JPMorgan Chase has significantly increased its investment in Chinese assets, acquiring a considerable amount of stock in several major companies. According to the Hong Kong Stock Exchange data, the firm expanded its stake in XPeng Inc. (XPEV, Financial) by approximately HKD 639 million, raising its holding from 4.57% to 5.35%.
Xpeng (XPEV) Projected to Maintain Strong Sales Momentum
Deutsche Bank research analyst Bin Wang has expressed confidence in Xpeng's (XPEV, Financial) ability to sustain robust sales throughout the remainder of the year. Wang highlighted that Xpeng's vehicle deliveries in September saw a substantial year-over-year increase of 39%, marking the highest monthly delivery figure since the company's inception.
Xpeng Motors Strategy for European Market Focuses on Technology and Quality
Gu Hongdi, Vice Chairman and President of Xpeng Motors (XPEV, Financial), announced that the company aims to enter the European market with a focus on bringing its advanced technology rather than offering low-cost alternatives. Speaking at the Global Dialogue Conference in Berlin, Gu emphasized that Xpeng's offerings are based on the value proposition of quality, design, and technology.
