XPEV Stock Recent News

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.

Chinese firm XPeng , forecast third-quarter revenue below analysts' expectations and missed June-quarter sales estimates on Tuesday, hurt by stiff competition and a drop in demand for its aging line-up of pricey electric vehicles.

Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB37.33 billion (US$5.14 billion) as of June 30, 2024 Quarterly total revenues were RMB8.11 billion, a 60.2% increase over the same period of 2023 Quarterly 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 and HKEX: 9868), 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   2024Q2 2024Q1 2023Q4 2023Q3 2023Q2 2023Q1 Total deliveries 30,207 21,821 60,158 40,008 23,205 18,230               Total deliveries of vehicles were 30,207 for the second quarter of 2024, representing an increase of 30.2% from 23,205 in the corresponding period of 2023.

XPENG launches its first major synchronized global OTA upgrade for eligible users across Europe, the Middle East, Southeast Asia, and other markets During the 28-day beta, global users engaged enthusiastically, and nearly a hundred feedback items were integrated into the final OTA update. Additionally, there's a plan to roll out at least four OTA updates in the forthcoming year.

China-based EV-maker XPeng Inc XPEV faces bearish signals ahead of an Aug. 27 launch event for the Mona M03, a car model priced under RMB 200,000 (US$28,000).

XPeng Inc. Sponsored ADR (XPEV) reachead $6.94 at the closing of the latest trading day, reflecting a +1.46% change compared to its last close.

XPeng (NYSE: XPEV) has been a focal point in China's competitive electric vehicle (EV) market, yet its stock has experienced considerable volatility.

Emerging as one high-end EV stock to own, investors may be wondering whether China-based XPeng (NYSE: XPEV ) is worth buying. I think that's a fascinating question to explore, considering the impressive growth the Chinese EV market has seen.

China-based XPeng (NYSE: XPEV ) manufactures and sells electric vehicles, and the data indicates XPeng is on a positive trajectory in terms of EV deliveries. At the same time, XPeng stock is out of favor among investors.

XPeng Inc. Sponsored ADR (XPEV) reachead $7.22 at the closing of the latest trading day, reflecting a -1.37% change compared to its last close.