XPeng: A Compelling Chinese EV Stock, Buy
XPeng Inc. Sponsored ADR (XPEV) concluded the recent trading session at $16.93, signifying a -0.99% move from its prior day's close.
Although the electric vehicle (EV) industry has become highly competitive, Xpeng (NYSE: XPEV) has managed to become one of the few companies in the space that are truly thriving.
Does XPeng Inc. Sponsored ADR (XPEV) have what it takes to be a top stock pick for momentum investors? Let's find out.
In the closing of the recent trading day, XPeng Inc. Sponsored ADR (XPEV) stood at $15.11, denoting a +0.13% change from the preceding trading day.
Despite the initial abundance of optimism seen in the 2010s, the electric vehicle (EV) industry has struggled as it has matured — and is increasingly looking like a ‘winner takes all' scenario. Tesla (NASDAQ: TSLA) is dominant in the United States and Europe — in China, BYD (SHE: 002594) plays a similar role.
Electric vehicle sales just capped off 2024 by setting records. This was true in both the United States and China.
Xpeng CEO He Xiaopeng said that competition within the auto sector will be even more heated in 2025. He said in an internal letter that the industry will face an "elimination round" from 2025 to 2027.
XPeng Inc.-ADR XPEV has been the darling of the Chinese EV market, posting a 66% gain over six months. However, technical signals suggest the stock's momentum may be stalling.
Chinese electric vehicle (EV) maker XPeng (XPEV) and Volkswagen's China unit on Monday struck a deal to produce super-fast charging stations there.
Chinese luxury EV maker Xpeng reported a strong set of delivery numbers for December. Deliveries grew 82% year-over-year to 36,695 vehicles.
I maintain a “Buy” rating on XPeng due to expected deliveries growth and improved fundamentals driven by expansionary policies in 2025. XPeng's Q3 2024 results showed a 16.3% increase in vehicle deliveries and positive gross and vehicle margins, indicating strong operational performance. XPEV's robust cash buffer of $5.09 billion supports aggressive expansion plans, including entering 60 markets and launching four new models in 2025.