XPeng Inc XPEV

Get an overview for this symbol, along with GPT rating and analysis.

Rating: 80

Sentiment: Positive

Analysis: XPEV is a stock listed on the NYSE with a market capitalization of $14.4 billion. The stock has a year-to-date return of 117.37%, indicating strong performance. XPEV's year high and low are $23.62 and $6.82 respectively. The stock is currently trading at $16.09, below its 200-day average of $13.02. The fifty-day average is $16.47. The stock has a regular market previous close of $17.39. The trading volume for the stock has been relatively high, with a three-month average volume of 12.6 million shares. XPEV has a positive sentiment and a rating of 80, indicating a good investment opportunity.

Updated: 2023-11-16 18:24:49

Latest News

Reaching The Finish Line Of The EV Race Is A Daunting Task, One That Some Won't Be Able To Accomplish

2023-08-08 - For all those who are not Tesla Inc (NASDAQ: TSLA) or one of the biggest Chinese EV makers, the EV venture is wildly risky ride that makes profitability seem like mission impossible sometimes. Although Kelley Blue Book reported that EV sales skyrocketed 65% last year while automotive sales contracted 8%, the EV adoption is everything but fast as it entails hefty costs. For manufacturers, Tesla made it even harder by starting a price war at the beginning of the year, one that not many are able to survive, let alone win. Some Have Already Fallen Behind... In June, Lordstown Motors Corp (OTC: RIDEQ) filed for bankruptcy. To date, it has lost about 83% of its share price. Nikola Corporation (NASDAQ: NKLA) stock dropped more than 77% since its launch. Despite the attractivieness of their value propositions, these two players just do not have what it takes for the EV race. The Chinese EV Players Are Going Full-speed Ahead XPeng Inc. (NYSE: XPEV) is among the leading EV makers in China as it distinguished itself with its technology and innovation that includes developing advanced driver assist-systems. Li Auto Inc. (NASDAQ: LI) is a pioneer but its ONE SUV, a plugin hybrid addressed the consumers who had concerns about range anxiety, allowing the automaker to compete with XPeng and Nio Inc (NYSE: NIO). Nio has literally carved a niche for itself in the premium EV market with its SUVs and the ET7 luxury sedan. Nio also distinguished itself with its "Battery as a Service" model and battery swap technology focused on creating a lifestyle brand that offers experiences as opposed to just one that sells EVs. The Legendary Automotive Players Are Going Above And Beyond General Motors Company (NYSE: GM) will be commiting $27 billion in its electric and automonous future until 2025, as it aims to launch 30 EV models across the planet, fueled by its Ultium battery technology. GM is known for learnings from its lessons, so its EV plans go beyond passenger vehicles to include commercial vehicles and even electric air taxis, showing its aspiration to contribute to future of electric mobility. Story continues The world’s largest automaker by production volume, Toyota Motor Corporation (NYSE: TM) might have entered the EV race later than others but will be investing $13.5 billion into battery technology by the end of the decade as it aims for 40% of its global sales to be made of EVs by 2025. With its established global presence, manufacturing expertise, and the fact it is a brand known for its reliability, Toyota certainly has a shot of being among the EV leaders someday. The German automaker, Volkswagen AG (OTC: VWAGY) is aspiring to not only catch up to Tesla but also become a global leader in electric mobility by 2025. With its ambitious "Transform 2025+" strategy, Volkswagen aims to sell approximately 26 million fully-electric EVs by 2029. With its substantial resources and diverse portfolio, this aggressive approach to EVs can certainly push Volkswagen to become a dominant EV player. Ford Motor Company (NYSE: F) recently posted its second quarter revenue rose 12% YoY with net income nearly tripling to $1.9 billion. With about $30 billion of cash and more than $47 billion in liquidity, Ford has what it takes to fund its electric transition. Ford has also followed Tesla in lowering the price of its electric pickup, the Lightning, and it has exited areas where it was burning cash such as South America production and passenger segments in North America. After delivering strong second quarter results, Ford also raised its full-year guidance. Although ‘new’ as it was formed in 2021, Stellantis N.V. (NYSE: STLA) is a conglomerate formed by Fiat Chrysler Automobiles and PSA Group to reflect their EV commitment that entails an investment of €30 billion through 2025 in developing EV technology. Stellantis aims for 70% of sales in Europe and 40% in the US to be made by low emission vehicles by the end of the decade, while covering models from small city cars to performance vehicles. Electric Pickups 2023 has already been deemed as the year of the electric pickup. With Rivian (NASDAQ: RIVN) already having its R1T on the road, Tesla will be finally releasing its futuristic Cybertruck by the end of the year. Interestingly, Hyundai Motor Company (OTC: HYMTF) will be releasing its Santa Cruz pickup next year that will be equipped by revolutionary solar-powered technology by Worksport Ltd (NASDAQ: WKSP). Specialized in soft and hard-folding tonneau covers, Worksport will be making a customized SOLIS solar tonneau cover for Hyundai, with Santa Cruz combining the best from an SUV and an open-bed vehicle. Moreover, with SOLIS and its COR portable battery system, Worksport might be able to extend the range of electric pickups and help EV pickup makers uplevel their game with this minor addition as Worksport is known for making innovative technology affordable. Worksport announced that it will begin assembling its ‘made-in-the-USA’ SOLIS covers at its NY facility as soon as the improved COR battery system becomes market ready, that is once R&D is finalized. Recap EV sales are expected to rise 35% YoY this year, fueled by supporting policies and incentives both for consumers and manufacturers. Yet, even legendary automakers are missing deadlines with lagging production and startups are struggling with serious financial issues, including bankruptcy. The EV space is undoubtedly crowded and the competition is fierce. With Tesla having raised the bar high, performance-wise, not everyone who started their electric ‘engines’ will succeed to reach the finish line. DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice. Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better. This article Reaching The Finish Line Of The EV Race Is A Daunting Task, One That Some Won't Be Able To Accomplish originally appeared on Benzinga.com . © 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Volkswagen buys stake in Xpeng, will jointly develop two new EVs with the Chinese automaker

2023-07-26 - Volkswagen and Xpeng will jointly develop two new VW-brand EVs for China based on Xpeng's electric G9. Volkswagen said Wednesday that it has signed a deal to jointly develop two new electric vehicles for China with Chinese EV maker Xpeng . As part of the deal, Volkswagen will invest about $700 million in Xpeng, taking a 4.99% stake. Xpeng's U.S.-traded shares ended the day up over 26% following the news. Under the deal, Volkswagen and Xpeng will develop two midsize battery-electric models based on the platform that underpins Xpeng's G9, a midsize electric crossover SUV. In a separate statement confirming the deal, Xpeng said the two new vehicles will also incorporate its advanced driver-assist software. The new EVs, which will be branded as VWs and sold only in China, are expected to launch in 2026. Volkswagen is paying $15 per U.S.-traded share for its Xpeng stake and will receive a seat on the EV maker's board of directors, subject to regulatory approvals. Volkswagen also confirmed that its Audi subsidiary has signed a separate deal with its longtime Chinese joint venture partner, Shanghai-based SAIC Motor , to jointly develop new Audi-branded EVs for the Chinese market. The plan is to develop new EVs in segments where Audi does not currently have entries in China, the company said. "We are leveraging the strengths of Volkswagen and our partners to create synergies to bring additional products to market faster," said Ralf Brandstätter, Volkswagen's China chief, in a statement. "In doing so, we focus on the specific needs of our customers in China. At the same time, we want to significantly optimize development and procurement costs."

Chinese stocks pop as Beijing vows more measures to boost weak economy

2023-07-25 - A Nanjing Road pedestrian street on October 1, 2022 in Shanghai, China. Yan Daming | Visual China Group | Getty Images watch now China's top leaders met Monday for the much-anticipated Politburo meeting and hinted at moves to "adjust and optimize" property policy in what the leadership called a "torturous" economic recovery. State news agency Xinhua quoted the 24-member Politburo as saying "the economy is facing new difficulties and challenges." That's mainly due to weak domestic demand, operational challenges for companies as well as "a grim and complex external environment," it said. "The meeting emphasized that it is necessary to actively expand domestic demand, give full play to the basic role of consumption in driving economic growth, expand consumption by increasing residents' income," according to Xinhua. watch now "It is necessary to boost the consumption of automobiles, electronic products, and home furnishing, and promote the consumption of services such as sports, leisure, and cultural tourism," said the report. Hong Kong-listed shares of internet giants rose on Tuesday. Alibaba shares soared 4.7%, while Tencent was up nearly 4%. Meituan and Baidu shares were higher by 5.7% and 6.8% respectively. In the electric vehicle space, Xpeng soared 11%, Li Auto was up 4.15% and BYD rose 2%. "This is a reconfirmation that the [Chinese] policymakers have heard the market concern on more support needed for the domestic economy," said Xiaolin Chen, head of international at KraneShares, on CNBC's "Street Signs Asia" Tuesday. "They want to achieve the 5% GDP target of this year. The first job they need to do is to create jobs for the labor force in China," said Chen. "I do certainly see some encouraging language released from the statement that removed a lot of the concerns of people having a high focus on real estate market, employment, private investment, and so on. So far, the language has been encouraging."

Date Open High Low Close Volume
2023-11-02 00:00:00-04:00 16.149999618530273 16.959999084472656 15.9399995803833 16.540000915527344 14161200
2023-11-03 00:00:00-04:00 16.75 17.450000762939453 16.40999984741211 17.139999389648438 11028100
2023-11-06 00:00:00-05:00 17.799999237060547 17.90999984741211 17.139999389648438 17.43000030517578 9528700
2023-11-07 00:00:00-05:00 16.979999542236328 17.170000076293945 16.575000762939453 17.1299991607666 10668700
2023-11-08 00:00:00-05:00 16.25 16.375 15.949999809265137 16.100000381469727 10335000
2023-11-09 00:00:00-05:00 16.360000610351562 16.475000381469727 15.8149995803833 15.890000343322754 8572600
2023-11-10 00:00:00-05:00 15.739999771118164 15.770000457763672 15.140000343322754 15.260000228881836 9598200
2023-11-13 00:00:00-05:00 15.5 15.875 15.460000038146973 15.65999984741211 6599100
2023-11-14 00:00:00-05:00 16.540000915527344 17.079999923706055 16.18000030517578 17.0 14171900
2023-11-15 00:00:00-05:00 16.6200008392334 17.729999542236328 16.110000610351562 17.389999389648438 15781600
2023-11-16 00:00:00-05:00 16.790000915527344 16.889999389648438 16.040000915527344 16.229999542236328 10574900
2023-11-17 00:00:00-05:00 16.75 17.03499984741211 16.56999969482422 16.790000915527344 10455300
2023-11-20 00:00:00-05:00 17.520000457763672 18.489999771118164 17.520000457763672 18.229999542236328 15703800
2023-11-21 00:00:00-05:00 18.030000686645508 18.200000762939453 17.360000610351562 17.399999618530273 9450900
2023-11-22 00:00:00-05:00 17.549999237060547 17.690000534057617 17.239999771118164 17.420000076293945 5001300
2023-11-24 00:00:00-05:00 18.299999237060547 18.739999771118164 17.875 18.479999542236328 11047300
2023-11-27 00:00:00-05:00 18.190000534057617 18.25 17.709999084472656 17.709999084472656 6513000
2023-11-28 00:00:00-05:00 17.799999237060547 17.996000289916992 17.510000228881836 17.8799991607666 5991100
2023-11-29 00:00:00-05:00 17.489999771118164 17.84000015258789 17.110000610351562 17.15999984741211 8585700
2023-11-30 00:00:00-05:00 17.110000610351562 17.170000076293945 16.489999771118164 16.610000610351562 8271700