XPEV Stock Recent News
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Xpeng (NASDAQ: XPEV ) stock is rising 4% today on news that the company plans to launch a line of electric vehicles (EVs) priced at 50% less than its current models. XPEV stock has lost 28% of its value since the start of 2024.
Chinese electric vehicle maker XPeng ramped up competition launching a cut price mass market brand.
Chinese electric-vehicle (EV) maker Xpeng announced plans to launch a cheaper brand, entering a highly competitive segment amid an intense price competition in the EV industry.
In a recent CNBC appearance, Ritholtz Wealth Management co-founder and CEO, Josh Brown, noted that he begins every week by examining momentum stock data. Brown, whose investment advisory firm manages over $4 billion in assets, has been very successful.
There was big news at the start of this year amid Apple (NASDAQ: APPL ) canceling its Apple car project, which originally attracted a large amount of speculation and enthusiasm from investors. However, from these ashes, there are now three stocks for a post-Apple car economy for investors to consider.
After reaching an important support level, XPeng Inc. Sponsored ADR (XPEV) could be a good stock pick from a technical perspective. XPEV surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.
Chinese EV maker Xpeng's affiliate, XPENG AEROHT, said on Friday its flying drone car AeroHT Voyager X2 completed a low-altitude flight in the central business district of the southern city of Guangzhou, the company said in a statement.
Chinese luxury electric vehicle maker Xpeng stock posted mixed delivery numbers for February, selling 4,545 EVs for the month, down 44.9% from January, and down 24% from the year-ago period. The decline was not really surprising, given that automotive sales in China are usually weak in January and February, due to the extended Chinese New Year holiday, which impacts manufacturing and sales.
Chinese new energy vehicle (NEV) maker Li Auto Inc. NASDAQ: LI started the electric vehicle (EV) race with competitors Nio Inc. NYSE: NIO and Xpeng Inc. NYSE: XPEV on relatively even footing in the Auto/Tires/Trucks sector in 2020. As EV speculation hit the stock market, Xpeng and Li Auto reached all-time highs of $74.49 and $47.70, respectively, in November 2020.
XPeng Inc. Sponsored ADR (XPEV) closed the most recent trading day at $9.15, making no change from the previous trading session.