Is XPeng Inc. (NYSE:XPEV) The Worst Chinese Stock to Buy Right Now According to Short Sellers [Yahoo! Finance]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
Company Research
Source: Yahoo! Finance
Between January 2024 to late August 2024, the Chinese equity markets have witnessed a significant rebound. On a YTD basis, the Hang Seng Index saw an increase of over 3%. Both onshore and offshore Chinese equities were able to generate positive returns, with materials and industrial sectors in the positive territory. This growth was seen mainly due to resilience in the broader Chinese economy, with the country's GDP increasing by 5.3% YoY in 1Q, exceeding market expectations. However, China's economy grew much slower than anticipated in 2Q as a protracted property downturn and job insecurity impacted the broader economy. Market experts expect that Beijing might have to unleash even more stimulus measures. China's economy saw an increase of 4.7% in April-June, the slowest growth since 1Q 2023 and missing a 5.1% estimate by the broader market. Outlook for Chinese Economy Earlier in the year, China announced its ambitious goal of reaching 5% economic growth in 2024. The strong gro
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XPEV
News
- XPeng: Inferior EV Investment Choice [Seeking Alpha]Seeking Alpha
- Wall Street analysts increasingly bullish on Nio stock after a 50% YTD drop [Yahoo! Finance]Yahoo! Finance
- XPeng Inc. (NYSE: XPEV) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $11.50 price target on the stock, up previously from $8.00.MarketBeat
- XPENG Announces Vehicle Delivery Results for August 2024GlobeNewswire
- XPeng Inc. (NYSE: XPEV) was upgraded by analysts at Macquarie from a "neutral" rating to an "outperform" rating.MarketBeat
XPEV
Earnings
- 11/15/23 - Beat
XPEV
Sec Filings
- 9/13/24 - Form F-6EF
- 9/13/24 - Form S-8
- 9/4/24 - Form 144
- XPEV's page on the SEC website