XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 name; and four-door sports sedan under the P7 name. The company also provides sales contract, maintenance, super charging, vehicle leasing, and ride-hailing services. XPeng Inc. was founded in 2015 and is headquartered in Guangzhou, the People's Republic of China.
IPO Year: 2020
Exchange: NYSE
Website: xiaopeng.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $12.50 | Buy → Neutral | Goldman |
| 9/5/2024 | $8.00 → $11.50 | Neutral → Overweight | JP Morgan |
| 8/30/2024 | Neutral → Outperform | Macquarie | |
| 6/25/2024 | $7.70 → $8.30 | Sell → Neutral | Citigroup |
| 5/23/2024 | $11.00 | Neutral → Buy | Daiwa Securities |
| 4/15/2024 | $7.00 | Neutral | Macquarie |
| 8/21/2023 | $22.00 | Neutral → Buy | BofA Securities |
| 8/8/2023 | $24.00 | Outperform → Buy | CLSA |
| 8/7/2023 | $22.00 | Hold → Buy | HSBC Securities |
| 7/31/2023 | $23.00 | Buy → Neutral | UBS |
On Tuesday after market close, Tesla Inc (NASDAQ:TSLA) reported its second quarter results, missing earnings expectations. Upon the disappointing results, Tesla shares fell more than 8% during premarket trading on Wednesday, pulling down the shares of its rivals, Rivian Automotive Inc (NASDAQ:RIVN), Lucid Group Inc (NASDAQ:LCID), BYD Company Limited (OTC:BYDDY), Nio Inc (NYSE:NIO) and XPeng Inc (NYSE:XPEV). Second Quarter Highlights For the quarter that ended on June 30th, Tesla reported its automotive revenue dropped 7% YoY to $19.9 billion, marking its second straight quarter of YoY sales declines and first-ever consecutive quarters of declining sales volume. Tesla responded to slowin
Key Takeaways: Xiaomi received regulatory clearance to mass produce electric vehicles independently, a crucial move as it seeks to ramp up its high-stakes EV drive The smartphone maker’s big EV ambitions could be undermined by production bottlenecks, quality issues and a weakening consumer demand By Xia Fei Despite its late arrival to the race, Xiaomi Corp.’s (OTC:XIACF)(OTC:XIACY) drive into China’s crowded electric vehicle (EV) market is showing no signs of slowing and may even be gaining momentum. That journey logged another milestone earlier this month when the company better known for its smartphones won a regulatory greenlight to manufacture cars independently instead of relyin
XPeng Inc. (NYSE:XPEV) shares are trading higher Monday following a report indicating the company and Volkswagen established joint project houses to develop EV infrastructure. The Details: The companies have established two warehouses located in China for engineers from both parties to work together to advance development of joint technologies. The project houses are aimed at helping the companies begin production of EV architecture in 2026, including the configuration of electronic components, modules, and network within the electric vehicle. Read Next: Serve Robotics Stock Rises After Nvidia Discloses 10% Stake The project houses are part of the partnership developed in 2023 t
Chinese electric vehicle stocks, including NIO Inc (NYSE:NIO), Li Auto Inc (NASDAQ:LI), and XPeng Inc (NYSE:XPEV), are trading higher Monday. China, a key AI chip and electric vehicle market, faces several economic challenges, including weak growth in the second quarter and looming deflation. On Monday, the People’s Bank of China (PBOC) announced that it would cut the seven-day reverse repo rate to 1.7% from 1.8% and reduce the one-year loan prime rate (LPR) to 3.35% from 3.45%. Additionally, China lowered the five-year LPR to 3.85% from 3.95%. Also Read: Alibaba, Chinese Tech Stocks And EV Stocks NIO, XPeng, Li Auto Tumble After Disappointing Economic Report EV stocks also got a
XPENG and the Volkswagen Group will jointly develop industry-leading E/E Architecture for all locally produced vehicles based on Volkswagen's China Main Platform (CMP) and Modular Electric Drive Matrix (MEB) platform The first vehicle equipped with the jointly developed E/E Architecture will SOP (Start of Production) within approximately 24 months Both parties will actively explore further collaboration opportunities to expand the scope of the usage of the jointly developed E/E Architecture
In a significant move, Chinese electric vehicle (EV) maker Xpeng Inc (NYSE:XPEV) and German auto giant Volkswagen AG (OTC:VWAGY) have announced a partnership to expedite the development of a new EV architecture. What Happened: As per a Reuters report on Thursday, Xpeng and Volkswagen have set up project houses in Guangzhou and Hefei, China. These will serve as joint workspaces for engineers from both companies to fast-track the creation of a new EV architecture. The collaboration aims to start production of the new architecture, a layout of electronic components, modules, and network within a vehicle, within two years. “From 2026, all electric vehicles of the Volkswagen brand in China
XPeng Inc. (the “Company” or “XPENG”) and the Volkswagen Group are pleased to announce today that, further to XPENG’s announcement dated April 17, 2024 (the “Announcement”) in connection with the framework agreement on technical collaboration with respect to electrical/electronic architecture (“E/E Architecture”), XPENG and the Volkswagen Group have entered into a Master Agreement on E/E Collaboration (“Master Agreement”) which solidifies both parties’ commitment to jointly develop industry-leading E/E Architecture for all locally produced vehicles based on Volkswagen’s China Main Platform (CMP) and Modular Electric Drive Matrix (MEB) platform. The execution of the Master Agreement not only
Electric vehicle stocks fell across the board, with the decline mostly due to the broader market pullback this week. Tesla, Inc. (NASDAQ:TSLA) extended its weekly declines ahead of next week’s earnings release. Here’s a run down on what happened in the EV space during the week: Tesla Raises Prices: The not-so-successful price-cutting strategy has been discontinued at least for now, with Tesla announcing $2,000 price increases for all variants of the Model S and Model X EVs in U.S. this week. The prices of these models were also hiked in Canada. The company, however, is persisting with its incentives and liberal financing options. Tesla influencer Sawyer Merritt reported that Tesla has
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6-K - XPENG INC. (0001810997) (Filer)
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Quarterly total revenues were RMB10.10 billion, a 24.5% increase quarter-over-quarterQuarterly gross margin was 15.3%, reaching a historical high, an increase of 18.0 percentage points over the same period of 2023 GUANGZHOU, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its unaudited financial results for the three months ended September 30, 2024. Operational and Financial Highlights for the Three Months Ended September 30, 2024 2024Q32024Q22024Q12023Q42023Q32023Q2 Total deliveries46,53330,20721,82160,15840,00823,205 Total deliv
GUANGZHOU, China, Oct. 29, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced that it will report its third quarter 2024 unaudited financial results on Tuesday, November 19, 2024, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on November 19, 2024 (9:00 PM Beijing/Hong Kong Time on November 19, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start time. Upon registration,
Adjusted EBITDA Increased to $6.4 Million for the First Half of 2024 Conference Call and Webcast on September 16th at 8 AM ET NEW YORK, Sept. 16, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B software-focused auto services and auto e-insurance in China, today provided a business update and reported financial results for the first half of fiscal year 2024. First Half 2024 Financial Results Total revenue increased by 27% to $203.1 million for the six months ended June 30, 2024, from $159.4 million for the six months ended June 30, 2023.Auto Services ' revenue increased by 9% to $107.5 million for the six mo
Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB37.33 billion (US$5.14 billion) as of June 30, 2024Quarterly total revenues were RMB8.11 billion, a 60.2% increase over the same period of 2023Quarterly gross margin was 14.0%, an increase of 17.9 percentage points over the same period of 2023 GUANGZHOU, China, Aug. 20, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its unaudited financial results for the three months ended June 30, 2024. Operational and Financial Highlights for the Three Months Ended June 30, 2024 2024Q22024Q12023Q42023Q32
GUANGZHOU, China, Aug. 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced that it will report its second quarter 2024 unaudited financial results on Tuesday, August 20, 2024, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on August 20, 2024 (8:00 PM Beijing/Hong Kong Time on August 20, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start time. Upon registration,
Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB41.40 billion (US$5.73 billion) as of March 31, 2024Quarterly total revenues were RMB6.55 billion, a 49.8% decrease quarter-over-quarterQuarterly gross margin was 12.9%, an increase of 6.7 percentage points quarter-over-quarter GUANGZHOU, China, May 21, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its unaudited financial results for the three months ended March 31, 2024. Operational and Financial Highlights for the Three Months Ended March 31, 2024 2024Q12023Q42023Q32023Q22023Q12022Q4Tota
- Earnings Call Scheduled for 8:00 a.m. ET on May 21, 2024 - GUANGZHOU, China, May 07, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced that it will report its first quarter 2024 unaudited financial results on Tuesday, May 21, 2024, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 21, 2024 (8:00 PM Beijing/Hong Kong Time on May 21, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the schedul
Adjusted EBITDA increased by $7.2 million to $1.6 million in 2023Conference Call and Webcast on April 30th at 5 PM ET NEW YORK, April 29, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (the "Company" or "SunCar") (NASDAQ:SDA), an innovative leader in cloud-based B2B auto services and auto e-insurance in China, today provided a business update and reported financial results for the year ended December 31, 2023. Fiscal Year 2023 Financial Results For the fiscal year ended December 31, 2023, total revenues were $364 million, up 29% from $282 million in 2022.Our auto service segment reported revenue of $215 million in fiscal year 2023, an increase of 8% from $199 million in fiscal year 2022.
Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB45.70 billion (US$6.44 billion) as of December 31, 2023Quarterly total revenues were RMB13.05 billion, a 53.0% increase quarter-over-quarterQuarterly gross margin was 6.2%, an increase of 8.9 percentage points quarter-over-quarterFull year vehicle deliveries reached 141,601, a 17.3% increase year-over-yearFull year revenues reached RMB30.68 billionFull year gross margin was 1.5%, a decrease of 10.0 percentage points year-over-year GUANGZHOU, China, March 19, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV"
GUANGZHOU, China, Feb. 26, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced that it will report its fourth quarter and fiscal year 2023 unaudited financial results on Tuesday, March 19, 2024, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on March 19, 2024 (8:00 PM Beijing/Hong Kong Time on March 19, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start time. Upon registration,
NEW YORK, Nov. 19, 2024 /PRNewswire/ -- SunCar Technology Group Inc. (NASDAQ:SDA), a leading innovator in cloud-based B2B auto services and auto e-insurance in China, is pleased to announce its inclusion in the NASDAQ Golden Dragon China Index, marking an important milestone in the Company's growth journey. The NASDAQ Golden Dragon China Index is a benchmark for tracking Chinese companies listed on U.S. exchanges, offering investors a window into the dynamic growth opportunities within China's economy, particularly in sectors like digital services, technology, new consumer markets, and clean energy. This prestigious index includes leading Chinese companies like Alibaba (NYSE:BABA), JD.com (
Quarterly total revenues were RMB10.10 billion, a 24.5% increase quarter-over-quarterQuarterly gross margin was 15.3%, reaching a historical high, an increase of 18.0 percentage points over the same period of 2023 GUANGZHOU, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its unaudited financial results for the three months ended September 30, 2024. Operational and Financial Highlights for the Three Months Ended September 30, 2024 2024Q32024Q22024Q12023Q42023Q32023Q2 Total deliveries46,53330,20721,82160,15840,00823,205 Total deliv
XPENG debuts the Kunpeng Super Electric System for fast charging and extended range worldwide.XPENG launches the Turing AI Intelligent Driving System, paving the way for L4 autonomous driving.XPENG announces XPENG AIOS, transforming in-car AI interactions.XPENG AEROHT "Land Aircraft Carrier" global debut flight scheduled this month, presale to open in December this year.XPENG unveils its advanced humanoid AI Robot Iron, marking a new frontier in robotics applications. GUANGZHOU, China, Nov. 08, 2024 (GLOBE NEWSWIRE) -- XPENG Motors (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese hi-tech car company, successfully hosted its XPENG AI Day event, live-streamed globally from South
XPENG outlines its vision for AI-defined mobility, highlighting the advanced design and features of the P7+.Equipped with advanced AI models, the P7+ delivers groundbreaking smart driving and cockpit capabilities.With industry-leading energy efficiency and safety, the P7+ is crafted for sustainable, high-performance journeys. GUANGZHOU, China, Nov. 08, 2024 (GLOBE NEWSWIRE) -- XPENG Motors (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese hi-tech car company, has officially launched the P7+ in China, introducing the world's first AI-defined vehicle. The P7+ delivers premium quality with advanced AI-driven technology, elevating intelligent driving and smart cockpit experiences throu
23,917 vehicles delivered in October 2024, a new monthly record and a 20% increase year-over-yearDeliveries of XPENG MONA M03 exceeded 10,000 units for the second straight monthXPENG has become the only Chinese automaker to deliver industry-leading urban ADAS that does not rely on HD maps or LiDARs GUANGZHOU, China, Nov. 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its vehicle delivery results for October 2024. XPENG delivered 23,917 Smart EVs in October 2024, setting a new record for its monthly deliveries and representing growth of 20% year-over-year and 12%
GUANGZHOU, China, Oct. 31, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. ((", XPENG", or the ", Company, ", NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, will officially launch the XPENG P7+, the highly anticipated AI-defined smart electric fastback sedan, on Thursday, November 7, 2024. Live Broadcast from China - English Replay Available The live broadcast of the XPENG P7+ Launch Event will begin on Thursday, November 7, with an English-language replay available on Thursday, November 14, via the following links: Chinese Live Broadcast 7:30 PM, Thursday, November 7, Beijing Time (GMT+8) or 6:30 AM US Eastern Standard Time XPENG OFFICIAL WEBSITE CHINESE
GUANGZHOU, China, Oct. 31, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, will host its XPENG AI Day event on Wednesday, November 6, 2024. An English-language replay will be available on Wednesday, November 13, 2024. At this year's XPENG AI Day, XPENG will share on the latest breakthroughs and development roadmap of XPENG AI technology, including large AI models, autonomous driving, robotics, and flying cars. Live Broadcast from China - English Replay Available The live broadcast of the XPENG AI Day will begin on Wednesday, November 6, with an English-language replay available on
XPENG ranked among the "Fortune Tech 50" and "Fortune China 500" lists for leading AI mobility innovation SHANGHAI, China, Oct. 30, 2024 (GLOBE NEWSWIRE) -- XPENG, a leading Chinese high technology car company, is proud to announce that it has secured places on both the "Fortune Tech 50" and "Fortune China 500" lists. The placings were announced during the Fortune China "Tech 50 Innovation Night" and "2024 Fortune China 500 Summit" on October 16 and 17, hosted in Shanghai. XPENG is glad to receive these esteemed accolades that reaffirm its competitive advantage and status as a leader in technological innovation. "Fortune Tech 50" is an inaugural list by Fortune China that spotlights
GUANGZHOU, China, Oct. 29, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced that it will report its third quarter 2024 unaudited financial results on Tuesday, November 19, 2024, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on November 19, 2024 (9:00 PM Beijing/Hong Kong Time on November 19, 2024). For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start time. Upon registration,
Deliveries in September 2024 set a new monthly record of 21,352 units, a 39% increase year-over-yearThe first month of deliveries of XPENG MONA M03 exceeded 10,000 units in September46,533 units delivered in Q3 2024, a 16% increase year-over-year GUANGZHOU, China, Oct. 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its vehicle delivery results for September and the third quarter 2024. In September 2024, XPENG delivered 21,352 Smart EVs, a new record for monthly deliveries, representing increases of 39% year-over-year and 52% over the prior month. At the same time, the f
GUANGZHOU, China, Dec. 06, 2023 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced, further to the Company's news release dated July 26, 2023, in connection with the share purchase agreement for strategic minority investment by Volkswagen (China) Investment Co., Ltd. ("Volkswagen") and its affiliate, Volkswagen Finance Luxemburg S.A. ("Volkswagen Nominee"), the Company has issued an aggregate of 94,079,255 Class A ordinary shares (the "Subscription Shares"), representing approximately 4.99% of the total issued and outstanding share capital of the Company immediately following the issuance, to
XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced that Ms. Fengying Wang ("Ms. Wang") has been appointed as the President of the Company with effect from January 30, 2023. Ms. Wang will be responsible for the Company's product planning, product portfolio management and sales operations, reporting to Mr. He Xiaopeng, Chairman and CEO of the Company. "Ms. Wang brings to us over 30 years of experience in the automotive industry, spanning roles in sales, strategy and senior management. Her leadership and expertise have been instrumental in driving the development of some of the most successful auto products, earnin
Goldman downgraded XPeng from Buy to Neutral and set a new price target of $12.50
JP Morgan upgraded XPeng from Neutral to Overweight and set a new price target of $11.50 from $8.00 previously
Macquarie upgraded XPeng from Neutral to Outperform
Citigroup upgraded XPeng from Sell to Neutral and set a new price target of $8.30 from $7.70 previously
Daiwa Securities upgraded XPeng from Neutral to Buy and set a new price target of $11.00
Macquarie resumed coverage of XPeng with a rating of Neutral and set a new price target of $7.00
BofA Securities upgraded XPeng from Neutral to Buy and set a new price target of $22.00
CLSA upgraded XPeng from Outperform to Buy and set a new price target of $24.00
HSBC Securities upgraded XPeng from Hold to Buy and set a new price target of $22.00
UBS downgraded XPeng from Buy to Neutral and set a new price target of $23.00
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