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.
Xpeng CEO loads up on XPEV: here's why you shouldn't
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 Stock Has Dropped This Year. Its CEO Is Buying
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.
XPeng Stock Is Jumping. The CEO Snapped Up Shares.
Shares of Chinese electric-vehicle maker XPeng jumped almost 8% to start a new week of trading.
Monster insider trade alert for XPeng stock
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: Can a turnaround happen, or is it time for investors to move on?
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. (XPEV) Q2 2024 Earnings Call Transcript
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.
XPeng Cuts Its Losses on Volkswagen Deal, But Revenue Falls Short of Forecasts
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.
