XPEV Stock Recent News
XPEV LATEST HEADLINES
EV demand in the U.S. is being weighed down by high interest rates and consumers' increased preference for hybrid vehicles. Still, the number of EV sales continues to climb year-over-year and, according to Barron's, EVs' share of the overall U.S. auto market even increased slightly in Q1 to 7%.
Chinese luxury electric vehicle maker Xpeng stock delivered 9,026 cars in March, up 28.9% from a year ago. Growth was largely driven by the ramp-up of sales of the X9 multi-purpose vehicle which was launched in early January with a starting price of about $50,000.
XPeng Inc. Sponsored ADR (XPEV) closed the most recent trading day at $7.76, moving +1.04% from the previous trading session.
China EV sales for Tesla rivals Li Auto, Nio, XPeng and BYD are on tap. Expectations are low amid fierce competition.
Goldman Sachs (NYSE: GS ) Research predicts electric vehicle (EV) sales will eventually increase due to declining battery prices, despite current slowdowns in EV investment. Further, there is a projected surge in EV market share to 50% in the U.S. and 68% in the EU by 2030.
Xpeng (NYSE: XPEV ) stock is in the news Wednesday after the electric vehicle (EV) company announced and expansion into Thailand. Xpeng is partnering with car dealer Neo Mobility Asia which will give it access to Thailand and other Association of Southeast Asian Nations (ASEAN) nations.
With the automotive industry moving toward sustainability, the electric vehicle market is leading in advancements and investment opportunities. Following this revolutionary period, three prominent entities have surfaced as leaders, propelling a significant increase in revenue and influencing the future of the automobile sector.
Flying car stocks could become the next big thing in investing. Moreover, a lot of numbers are being thrown regarding their market size from reputable corners, generating excitement among investors over potential long-term gains.
Indicating that growth stocks are in the initial stages of a hot comeback, the iShares Russell 2000 (NYSEARCA: IWM ), whose movements are largely determined by growth stocks, is up nearly 5% year-to-date. Moreover, on March 20, the U.S. Federal Reserve's Summary of Economic projections indicated that the central bank still intends to cut its benchmark rate by 0.75 percentage points this year.
Flying cars are the future. What seemed like fiction may soon become reality.