XPEV Buy Alert: Beat the Trade War Blues With XPeng Stock

Core Viewpoint - The Biden administration's increase of tariffs on imported China-made electric vehicles to 100% signifies a serious trade conflict, but XPeng remains a viable investment opportunity despite these challenges [1]. Group 1: Financial Performance - XPeng's "revenues from services and others" surged 93.1% year-over-year in Q1 2024, reaching 1 billion RMB (approximately $140 million), largely due to a strategic partnership with Volkswagen [2]. - The company's total sales for the quarter amounted to$907 million, surpassing Wall Street's consensus estimate of $859 million [2]. - XPeng's net earnings loss was 10 cents per share, significantly better than the anticipated loss of 33 cents per share [2]. Group 2: Delivery Growth - In May, XPeng delivered 10,146 "smart EVs," marking an 8% month-over-month increase and a 35% year-over-year growth [3]. - Year-to-date deliveries reached 41,360 "smart EVs" by the end of May, reflecting a 26% year-over-year increase for that period [3]. Group 3: Market Position and Outlook - Despite the trade tensions, XPeng's strong partnership with Volkswagen positions the company favorably in the market [4]. - XPeng's ability to deliver electric vehicles in China demonstrates its resilience and potential for continued growth in the clean-energy vehicle sector throughout 2024 [4].