Down 50% This Year, Will Improving Deliveries Drive Li Auto Stock Higher? [Forbes]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
Company Research
Source: Forbes
Things appear to be getting better in the Chinese luxury electric vehicle market. , which is the largest of the emerging EV players in China, delivered 47,774 vehicles for June 2024, an increase of 46.7% compared to last year. There are a couple of factors that drove Li's growth. Firstly, the company is seeing stronger demand for its new lower-priced Li L6 model for which it has ramped up production. The vehicle, which is priced at about RMB 250,000 (about $34,400) sold about 20,000 units in June, accounting for about 40% of total unit sales. Li also lowered prices for several of its models earlier in the quarter and this also likely helped volumes. However, the company's other electric vehicle models including the Li L7, Li L8, and Li L9 are likely to have seen growth cool off a bit. In comparison, rival Nio (NYSE: NIO) delivered 21,209 vehicles, a 98% year-over-year increase, driven in part by changes it made to its EV battery rental service in March, while Xpeng (NYSE: XPEV) deliv
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News
- Chinese EV makers slapped with 'countervailing' EU tariffs [Seeking Alpha]Seeking Alpha
- XPENG Announces Vehicle Delivery Results for June and First Half 2024 [Yahoo! Finance]Yahoo! Finance
- XPENG Announces Vehicle Delivery Results for June and First Half 2024GlobeNewswire
- XPeng Inc. (NYSE: XPEV) was upgraded by analysts at Citigroup Inc. from a "sell" rating to a "neutral" rating. They now have a $8.30 price target on the stock, up previously from $7.70.MarketBeat
- XPENG Announces Vehicle Delivery Results for May 2024 [Yahoo! Finance]Yahoo! Finance
XPEV
Earnings
- 11/15/23 - Beat
XPEV
Sec Filings
- 7/5/24 - Form 6-K
- 7/2/24 - Form 6-K
- 6/28/24 - Form 6-K
- XPEV's page on the SEC website