BRAZIL - 2022/08/24: In this photo illustration, the Guangzhou Xiaopeng Motors Technology (Xpeng) ... [+] logo is displayed on a smartphone screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesChinese luxury electric vehicle maker Xpeng stock posted a better-than-expected set of Q1 2024 results. Net losses came in narrower than expected at about $0.10 per share, while revenue grew by 62% to RMB 6.55 billion (about $910 million) drive ...

XPeng Inc. Sponsored ADR (XPEV) closed the last trading session at $8.75, gaining 23.6% 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 $15.42 indicates a 76.2% upside potential.The average comprises 12 short-term price targets ranging from a low of $7 to a high of $24, with a standard deviation of $5.98. While the lowest estimate indicates a decline of 20% from the current price l ...

M N 22 May 2024 CMB International Global Markets | Equity Research | Company Update Xpeng Inc. (XPEV US) Await more details about Mona Target Price US$10.00 Maintain HOLD. Management’s upbeat view on the Mona and the new B-class (Previous TP US$10.50) sedan has probably given investors more confidence in Xpeng’s substantial Up/Downside 14.0% sales growth in 4Q24 (similar to 4Q23) and FY25. We have largely factored in Current Price US$8.77 such growth in our prior forecast. 1Q24 GPM was largely lifted by ser ...

Despite the highly competitive industry in 2024 suffering significant drawbacks that made EV producers cut costs, scale back production, and announce layoffs, XPeng (NYSE: XPEV) managed to restructure quickly, and the results are already showing.With the positive news came a reward from the stock market, as XPEV stock surged 5.92% in the latest trading session, with gains of 1.71% extending into the premarket. At the time of writing, XPEV shares were almost $9 each.XPEV stock 24-hour price chart. Source: Go ...

The Xpeng X9 electric MPV on display at the Beijing auto show on April 25, 2024.BEIJING — Chinese electric car company Xpeng saw its shares soar after reporting an improvement in profit margin and an upbeat outlook for second-quarter deliveries.The company's Hong Kong-listed shares rose more than 13% in morning trade Wednesday. U.S.-listed shares had climbed by nearly 6% in U.S. trade Tuesday after reporting first quarter results.Xpeng reported that vehicle margin rose 5.5% in the first three months of the ...

XPeng (NYSE:XPEV) stock climbed as much as 20% today after the Chinese electric vehicle (EV) maker reported its first-quarter earnings. However, the initial enthusiasm has cooled down, with XPEV stock now up by about 6% on the day.During the quarter, XPeng delivered a total of 21,821 vehicles, up by 19.7% year-over-year (YOY) from 18,230 vehicles. That led to revenue of $907 million, which beat the analyst estimate for $859 million. In addition, XPeng is still unprofitable with an EPS loss of 10 cents or a ...

XPeng (NYSE:XPEV) stock is on the climb today, up 5% as of this writing after delivering a promising first-quarter earnings report this morning. The Chinese electric vehicle (EV) maker managed to handily beat earnings, margin and guidance estimates in its fiscal Q1.Indeed, XPeng announced an EPS loss of 10 cents on sales of $907 million, better than forecasts for a 33 cent EPS loss on $859 million in sales. Revenue came in at nearly double the sales the company reported a year prior.The company’s sales were ...

Financial Data and Key Metrics - Total revenues for Q1 2024 were RMB6.55 billion, a 62.3% YoY increase and a 49.8% QoQ decrease [21] - Vehicle sales revenue was RMB5.54 billion, up 57.8% YoY but down 54.7% QoQ, driven by higher deliveries of the X9 model [21] - Gross margin expanded to 12.9%, doubling from the previous quarter with a 6.7 percentage point increase [7] - Vehicle margin improved to 5.5%, compared to negative 2.5% in Q1 2023 and 4.1% in Q4 2023 [23] - Cash and cash equivalents stood at RMB41.4 billion as of March 31, 2024 [25] Business Line Data and Key Metrics - The X9 model emerged as a top seller in the pure electric NPV and three-row model segments [10] - The company plans to introduce a new A-class electric sedan, the first model of the MONA series, in June 2024, with mass delivery starting in Q3 2024 [12] - A new XPeng-branded B-class battery electric sedan will launch in Q4 2024, with a 25% cost reduction achieved through technological advancements [13] Market Data and Key Metrics - XPeng delivered 21,821 Smart EVs in Q1 2024, marking a 20% YoY increase [6] - The company plans to expand its overseas sales network to over 20 countries, with partnerships established in Western Europe, Southeast Asia, the Middle East, and Australia [16][17] - In Q2 2024, the company anticipates total delivery volume to range between 29,000 and 32,000 units, reflecting a YoY increase of 25% to 37.9% [19] Company Strategy and Industry Competition - XPeng is focusing on enhancing profitability and international market potential through smart technologies and AI-powered vehicles [7][16] - The company aims to establish a Volkswagen-like super brand in the EV space with a global market presence and a wide-ranging product portfolio [12] - XPeng is leveraging its strategic partnership with Volkswagen to develop industry-leading E/E architecture for Volkswagen's EV platform in China [18] Management Commentary on Operating Environment and Future Outlook - Management expects significant growth in sales volume, margins, and cash flow starting in October 2024, driven by new product launches and AI-powered ADAS systems [20] - The company is confident in achieving substantial YoY growth in monthly delivery volume in Q4 2024, supported by the new B-class model and MONA series [13][19] - XPeng anticipates maintaining a low-to-mid-teen gross profit margin for the overall business by the end of 2024 [40] Other Important Information - XPeng launched its AI-powered in-car operating system, XOS 5.1.0 (AI Tianji OS), on May 20, 2024, integrating AI technology into smart cockpits and ADAS [14] - The company is actively recruiting top talents in R&D, brand marketing, and design to elevate its capabilities to industry-leading levels [9][10] Q&A Session Summary Question: Revenue contribution from Volkswagen collaboration - The Platform and Software collaboration revenue from Volkswagen is recurring and expected to grow in subsequent quarters, with high margins [28] - Revenue from the E/E architecture collaboration is expected to start being recognized in the second half of 2024 [28] Question: Autonomous driving and R&D spending - XPeng aims to achieve Level 4 vehicle autonomy by 2025, leveraging end-to-end AI models without significant increases in R&D spending [30] - The company expects exponential improvements in autonomous driving capabilities, with XNGP accessible on all national roads by Q3 2024 [14][15] Question: New product pipeline and MONA series - The MONA series will focus on the 2C market, with the first model launching in Q3 2024 and additional products based on the A-class platform to follow [33][35] - The company plans to introduce several new models over the next three years, covering price segments from RMB100,000 to RMB400,000 [11][12] Question: International expansion and XNGP in overseas markets - XPeng is accelerating its international expansion, targeting over 20 countries with advanced EV models [37] - The company is testing XNGP in overseas markets and expects to make it available in select markets by late 2024 or early 2025 [37] Question: Gross margin and cost reduction - XPeng expects gross margin to reach low-to-mid teens by the end of 2024, driven by cost reductions, higher-margin exports, and contributions from Volkswagen collaborations [40] Question: End-to-end AI model and decision-making - XPeng acknowledges uncertainties in end-to-end AI models but is confident in their value, with safety measures and large-scale analog models in place to address concerns [46] Question: Distribution channel expansion - The company is optimizing its distribution channels, focusing on lower-tier cities and maintaining efficient store sizes to ensure high conversion rates [49][50] Question: MONA series competitive advantages - The MONA series aims to offer high aesthetics, competitive pricing, and advanced smart driving functionalities, targeting the RMB100,000 to RMB200,000 price segment [53][54] Question: Software services revenue and partnerships - XPeng is open to exploring similar collaborations with other partners beyond Volkswagen, focusing on strategic value creation [60]

The EV maker reported a narrower loss than expected and guided to strong sales growth in the second quarter.Shares of Chinese electric vehicle (EV) maker XPeng (XPEV 7.43%) were moving higher on Tuesday after the company reported a narrower-than-expected first-quarter loss.As of 10:30 a.m. ET, XPeng's American depositary shares (ADS) were up about 11.4% from Monday's closing price. A narrower loss than expectedXPeng reported its first-quarter results before the U.S. markets opened on Tuesday, and they were ...

Key TakeawaysXPeng reported better-than-expected results as deliveries of its electric vehicles jumped.The Chinese carmaker's loss was slashed in half, and revenue was up 62.3% year-over-year.Deliveries increased 19.7% on lower prices and the launch of a new model. American depositary receipts (ADRs) of XPeng (XPEV) surged Tuesday after the Chinese electric vehicle (EV) maker that focuses on artificial intelligence (AI) technology posted strong sales and slashed its losses on higher deliveries. XPeng report ...