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.
Xpeng: We are coming to Europe to bring technology
Chinese EV maker Xpeng's board vice-chairman and co-president Brian Gu said that the carmaker was not planning to sell its cars in Europe in order to provide a cheap alternative but to bring its technology.
Why XPeng, Li Auto, and Even Cleveland-Cliffs Stocks Soared This Week
The U.S. Federal Reserve isn't the only central bank making important moves. China's stimulus plan could mean even faster sales growth for EV makers.
Why XPeng Stock Spiked Higher Today
China's economic stimulus plans are adding tailwinds for EV makers like XPeng. Orders for XPeng's new electric car offerings are accelerating.
Why Chinese Stocks Like XPeng and Dada Nexus Were on Fire Today
A new economic stimulus plan was unveiled in their home market of China. This sprawling package will affect nearly every part of the domestic economy.
Why Is Xpeng Stock Down 50% This Year?
Chinese luxury EV maker Xpeng delivered a total of 14,036 vehicles in August, up 2.5% compared to last year and up 26% versus last month. This puts the company's year-over-year growth behind Li Auto which saw sales grow 38% to 48,122 vehicles and Nio stock which saw its deliveries expand 4.4% versus last year.
XPeng: Trending In The Right Direction
XPeng's CEO bought shares at $7.02, signaling confidence in the stock trading at the lows. The Chinese EV company launched the Mona brand, targeting Tesla's Model 3 at half the price, with strong initial orders indicating potential success. The stock is trading below 1x sales targets, while growth rates remain strong and support a higher forward P/S multiple.
XPeng Beats Tesla in Launching a Mass-Market Electric Car. The Stock Rises.
Elon Musk and Co. have been promising a low-cost EV—but Chinese rival XPeng appears to have beaten Tesla to the punch.
XPeng Stock Should Get A Boost From ADAS Advances, Increased Exports, New EVs
XPeng reported impressive Q2 results, with its deliveries up 30% versus Q2 of 2023 and its revenue climbing 60% year-over-year. XPeng's ADAS improvements make it a leader in the industry. The automaker has plans to deploy high-level ADAS in affordable vehicles. XPeng's export growth and new EV models, along with its low valuation, position it well for future success despite its tough competition and significant risks.
Chinese EV company Xpeng sees shares pop 6% after it launches mass-market car
Xpeng shares rose after the Chinese electric car company said prices for its new mass-market Mona brand would start as low as $16,812, far below that of Tesla. The Chinese automaker said orders for the Mona M03 electric coupe exceeded 10,000 just 52 minutes after the car's formal launch Tuesday evening in Beijing.
Xpeng releases mass-market EV with basic driver-assist for less than $20,000
The basic version of the Mona M03 electric coupe starts at 119,800 yuan ($16,812), with a driving range of 515 kilometers (320 miles) and some parking assist features. A version of the Mona M03 with the more advanced "Max" driver assist features and a driving range of 580 kilometers will sell for 155,800 yuan.
China's Xpeng prices new budget EV at $16,813 to play catch-up
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.
