11,145 vehicles delivered in July 2024, marking the fifth consecutive month of both month-over-month and year-over-year growth63,173 vehicles delivered in the first seven months of 2024, a 20% year-over-year increase GUANGZHOU, China, Aug. 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its vehicle delivery results for July 2024. In July, XPENG delivered 11,145 Smart EVs, up 1% year-over-year and 4% ...

XPENG leads among Chinese emerging auto brands with synchronized function upgrades for China and overseas users in a major OTAEnabled by AI, XPENG sets industry new standards for OTA iteration speed globallyNationwide rollout of unlimited XNGP, no longer reliant on HD map coverage GUANGZHOU, China, July 31, 2024 (GLOBE NEWSWIRE) -- XPENG Motors (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today showcased its cutting-edge advancements in AI technology ...

From a technical perspective, XPeng Inc. Sponsored ADR (XPEV) is looking like an interesting pick, as it just reached a key level of support. XPEV recently overtook the 50-day moving average, and this suggests a short-term bullish trend.The 50-day simple moving average, which is one of three major moving averages, is widely used by traders and analysts to establish support and resistance levels for a range of securities. Because it's the first sign of an up or down trend, the 50-day is considered to be more ...

Key TakeawaysXPeng is partnering with Volkswagen to develop technology for the latter's electric vehicles produced in China.Production is expected to begin on electrical/electronic architecture within two years.Volkswagen invested $700 million for a 4.99% stake in XPeng last year. XPeng (XPEV) American depositary receipts (ADRs) surged on Monday after it said it would co-develop electrical/electronic (E/E) architecture with Volkswagen for the latter's electric vehicles (EVs) produced in China. Under a maste ...

XPeng (NYSE:XPEV) stock is getting a boost on Monday after the electric vehicle (EV) company announced an expansion to its relationship with Volkswagen (OTCMKTS:VWAGY).XPeng and Volkswagen have reached a master agreement for their work together on electrical/electronic architecture (E/E Architecture). This will have them developing E/E Architecture locally-produced vehicles based on Volkswagen’s China Main Platform (CMP) and Modular Electric Drive Matrix (MEB) platform.This has them setting up Project House ...

The most recent trading session ended with XPeng Inc. Sponsored ADR (XPEV) standing at $8.45, reflecting a +1.2% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.71%. Meanwhile, the Dow experienced a drop of 0.93%, and the technology-dominated Nasdaq saw a decrease of 0.81%.Shares of the company have appreciated by 11.63% over the course of the past month, underperforming the Auto-Tires-Trucks sector's gain of 18.22% and outperforming the ...

XPeng Inc. Sponsored ADR (XPEV) closed the last trading session at $8.95, gaining 19.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $12.35 indicates a 38% upside potential.The average comprises 11 short-term price targets ranging from a low of $7 to a high of $18.70, with a standard deviation of $4.78. While the lowest estimate indicates a decline of 21.8% from the current pric ...

Delivery Results - In June 2024, XPeng delivered 10,668 Smart EVs, marking a 24% year-over-year increase and a 5% increase from the previous month [1] - For the first half of 2024, XPeng delivered a total of 52,028 Smart EVs, which is a 26% increase compared to the same period last year [1] - The XPENG X9 achieved 1,687 units in June, with a cumulative total of 13,143 units since its launch, making it the top seller in the all-electric MPV and three-row model segments in China [1] Technology and Product Development - The monthly active user penetration rate of XPENG's XNGP in urban driving scenarios reached 84% [2] - A significant OTA update in July will enable nationwide availability of XNGP on all public roads [2] - An upgrade to XPENG's AI Tianji OS is planned for the third quarter of 2024, along with its official overseas launch [2] - The company will unveil details about the all-electric hatchback coupe, Mona M03, in July, which features the lowest drag coefficient of 0.194 among mass-produced models in its class [2] Company Overview - XPeng is a leading Chinese Smart EV company focused on designing, developing, manufacturing, and marketing Smart EVs for technology-savvy middle-class consumers [3] - The company aims to drive Smart EV transformation through technology and enhance the mobility experience of the future [3] - XPeng develops its full-stack advanced driver-assistance system technology and in-car intelligent operating system in-house, along with core vehicle systems [3] - The company is headquartered in Guangzhou, China, with additional offices in major cities and regions including Beijing, Shanghai, Silicon Valley, San Diego, and Amsterdam [3]

Delivery Results - In June 2024, XPeng delivered 10,668 Smart EVs, marking a 24% year-over-year increase and a 5% increase from the previous month [1] - For the first half of 2024, XPeng delivered a total of 52,028 Smart EVs, which is a 26% increase compared to the same period last year [1] - The XPENG X9 achieved 1,687 units in June, with a cumulative total of 13,143 units since its launch, making it the top seller in the all-electric MPV and three-row model segments in China [1] Technology and Product Development - The monthly active user penetration rate of XPENG's XNGP in urban driving scenarios reached 84% [2] - A significant OTA update in July will enable nationwide availability of XNGP on all public roads [2] - An upgrade to XPENG's AI Tianji OS is planned for the third quarter of 2024, along with its official overseas launch [2] - The company will unveil details about the all-electric hatchback coupe, Mona M03, in July, which features the lowest drag coefficient of 0.194 among mass-produced models in its class globally [2] Company Overview - XPeng is a leading Chinese Smart EV company focused on designing, developing, manufacturing, and marketing Smart EVs for technology-savvy middle-class consumers [3] - The company aims to drive Smart EV transformation through technology and enhance the mobility experience of the future [3] - XPeng develops its full-stack advanced driver-assistance system technology and in-car intelligent operating system in-house, along with core vehicle systems [3] - The company is headquartered in Guangzhou, China, with additional offices in major cities and regions including Beijing, Shanghai, Silicon Valley, San Diego, and Amsterdam [3]

Core Viewpoint - XPeng Inc. (XPEV) shows potential for significant upside, with a mean price target of $13.43 indicating a 63% increase from its current price of $8.24, despite recent modest gains of 0.4% over the past four weeks [1] Price Targets and Analyst Consensus - The mean estimate consists of 13 short-term price targets with a standard deviation of $5.81, suggesting variability in analyst predictions; the lowest estimate is $7 (15.1% decline), while the highest is $24 (191.3% increase) [1] - A low standard deviation among price targets indicates strong agreement among analysts regarding the stock's price movement direction, which can serve as a starting point for further research [4] Earnings Estimates and Analyst Optimism - Analysts have shown growing optimism regarding XPEV's earnings prospects, as indicated by a positive trend in earnings estimate revisions; one estimate has increased over the last 30 days, leading to a 0.7% rise in the Zacks Consensus Estimate [5] - XPEV holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential for upside in the near term [5] Limitations of Price Targets - Price targets, while popular among investors, can often mislead; empirical research indicates that they rarely accurately predict stock price movements [3] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations and misguide investors [3]