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Shares of Chinese electric-vehicle makers surged in Hong Kong on Tuesday, driven by strong sales forecasts for March and a sharp selloff in Tesla's stock overnight. NIO's shares jumped 8.7% by midday, while XPeng rose 6.2%.
Chinese electric vehicle maker Xpeng sees humanoid robots as a long-term project and is considering large investments that could go up to 100 billion yuan ($13.80 billion), state media reported its CEO as saying on Monday.
Citi analyst Jeff Chung upgraded American depositary receipts of Chinese electric-vehicle maker XPeng to Buy from Hold.
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The Tesla stock price has imploded this year, making it one of the worst-performing companies in the Nasdaq 100 indices. TSLA has dropped in the last five consecutive weeks and is hovering near its lowest level since November 4.
NIO, XPeng and Li Auto February deliveries rise 62.2%, 570% and 29.7%, respectively, year over year.
Nio Inc (NYSE:NIO) stock was last seen down 3.8% at $4.45 amid U.S. trade tensions, despite the company reporting strong delivery numbers over the weekend.
GUANGZHOU, China, March 03, 2025 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced that it will report its fourth quarter and fiscal year 2024 unaudited financial results on Tuesday, March 18, 2025, 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 18, 2025 (8:00 PM Beijing/Hong Kong Time on March 18, 2025).
Xpeng delivered 30,453 cars last month, including more than 15,000 units of its lower-priced Mona vehicle. Xiaomi delivered more than 20,000 electric cars for a fifth straight month in February.
XPENG officially enters the Indonesian market, marking a significant milestone in its global expansion, supported by Erajaya Active Lifestyle (ERAL). XPENG will initiate its localized production strategy starting with Indonesia, focusing on the X9 and G6 models in the second half of 2025.