The battle of China's electric vehicle (EV) giants heats up this week as XPeng Inc. XPEV and NIO Inc. NIO prepare to reveal their third-quarter earnings.
The latest trading day saw XPeng Inc. Sponsored ADR (XPEV) settling at $12.74, representing a +0.87% change from its previous close.
XPENG (NYSE: XPEV), a leading electric vehicle manufacturer, has launched the new P7+, the world's first AI-defined vehicle. Blending executive sedan comfort with advanced AI technology, the P7+ aims to deliver a personalized and seamless driving experience.
XPeng Inc. Sponsored ADR (XPEV) reachead $14.49 at the closing of the latest trading day, reflecting a +1.9% change compared to its last close.
Chinese luxury EV maker Xpeng delivered 23,917 vehicles for the month of October, a record for the company. While sales were up about 20% compared to last year, they also rose about 12% compared to September.
Xpeng unveiled its extended-range hybrid technology on Wednesday, as the Chinese electric vehicle maker bets on a pivot to such products that are more cost-competitive than pure EVs to boost sales and improve profitability.
Investors were bullish on Chinese electric vehicle stocks Monday morning after companies such as BYD, XPeng (XPEV), Li Auto (LI), and others released October delivery data late Friday.
Investors on Wall Street were bullish on Chinese electric vehicle stocks Monday morning after companies such as BYD, XPeng (XPEV), Li Auto (LI), and others released October delivery data late Friday.
Xpeng's flying car division, Xpeng AeroHT, has launched construction of a 180,000-square-metre manufacturing plant in Guangzhou, targeting the production of its newly unveiled modular flying car, the Land Aircraft Carrier (LAC). Set for completion by 2026, this facility will have a capacity to manufacture up to 10,000 units annually.
In the most recent trading session, XPeng Inc. Sponsored ADR (XPEV) closed at $11.16, indicating a +1.09% shift from the previous trading day.
The XPeng (XPEV) stock price has pulled back after peaking at $13.73 on September 30th as most Chinese companies were soaring. It retreated to $1o.8 on Monday, 21% below the year-to-date high, meaning that it is in a local bear market.
XPeng has demonstrated its successful turnaround through growing profit margins along with the robust mass market model sales in September 2024. With a rich balance sheet, we believe that the automaker remains well positioned to grow its presence globally before the supposed break even point by the end of 2025. At the same time, readers must not forget XPEV's well diversified capabilities across the XNGP ADAS platform and the flying car, boosting its long-term growth prospects.