Chinese electric vehicle stocks rip big gains again on stimulus exuberance [Seeking Alpha]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
Company Research
Source: Seeking Alpha
Following on the announcement last week of broad stimulus measures, three of China's largest cities relaxed rules for homebuyers, and the Chinese central bank took action to lower mortgage rates. The Shanghai Composite Index registered its ninth straight day of gains, with an rise, just as the market starts its week-long China National Day holiday. The blue-chip CSI 300 Index rallied and the Hong Kong Hang Seng Index gained NIO ( NYSE: NIO ) rallied in premarket trading to follow on Friday's rise. XPeng ( NYSE: XPEV ) shot up to follow on Friday's rise of 9.0%. Li Auto ( NASDAQ: LI ) broke higher and ZEEKR Intelligent Technology Holding Limited ( ZK ) was up as it looked to make it a two-day rally of more than 25%. Niu Technologies ( NIU ) jumped and Lotus Technology ( LOT ) rallied . Meanwhile, BYD Company ( OTCPK:BYDDF ) gained in Hong Kong, while China Automotive Systems ( CAAS ) rose and Kandi Technologies ( KNDI ) poked out a gain of in the premarket U.S. session. Tesla ( T
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XPEV
News
- XPeng Inc. (NYSE: XPEV) had its "sell" rating re-affirmed by analysts at UBS Group AG. They now have a $8.80 price target on the stock, up previously from $8.20.MarketBeat
- XPENG Announces Vehicle Delivery Results for November 2024 [Yahoo! Finance]Yahoo! Finance
- XPENG Announces Vehicle Delivery Results for November 2024GlobeNewswire
- XPeng Inc. (NYSE: XPEV) was upgraded by analysts at China Renaissance from a "hold" rating to a "buy" rating. They now have a $16.70 price target on the stock.MarketBeat
- XPeng Inc. (NYSE: XPEV) was downgraded by analysts at The Goldman Sachs Group, Inc. from a "buy" rating to a "neutral" rating. They now have a $12.50 price target on the stock.MarketBeat
XPEV
Sec Filings
- 12/18/24 - Form 144
- 12/17/24 - Form 144
- 12/2/24 - Form 6-K
- XPEV's page on the SEC website