XPeng Inc (XPEV) Q3 2024 Earnings Call Highlights: Record Deliveries and Margin Improvements ... [Yahoo! Finance]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
Company Research
Source: Yahoo! Finance
The company's gross profit margin improved to 15.3%, and total revenue increased by 18.4% year over year. Despite a net loss of RMB1.81 billion, XPeng saw improvements in vehicle margin and operating efficiency. The company is expanding its global presence, with overseas sales accounting for 15% of total sales volume, and plans to further expand its international sales network in 2025. XPeng's management expects to break even by the end of next year, driven by the launch of the P7+ model and continued cost reductions. Vehicle Deliveries: 46,533 units in Q3 2024, a 54% increase quarter over quarter and a 16% increase year over year. Gross Profit Margin: 15.3% in Q3 2024, up from 14% in Q2 2024 and negative 2.7% in Q3 2023. Total Revenue: RMB10.1 billion in Q3 2024, an 18.4% increase year over year and a 24.5% increase quarter over quarter. Vehicle Sales Revenue: RMB8.8 billion in Q3 2024, a 12.1% increase year over year and a 29% increase quarter over quarter. Services and Ot
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XPEV
News
- 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
- XPeng Inc. (NYSE: XPEV) had its price target raised by analysts at Sanford C. Bernstein from $9.00 to $14.00. They now have a "market perform" rating on the stock.MarketBeat
- XPeng Inc. (NYSE: XPEV) had its price target lowered by analysts at Citigroup Inc. from $14.60 to $13.70. They now have a "neutral" rating on the stock.MarketBeat
- What's Going On With NIO Stock Following Strong Q3 Results From Top Peer XPeng? [Yahoo! Finance]Yahoo! Finance
- XPENG Reports Third Quarter 2024 Unaudited Financial ResultsGlobeNewswire
XPEV
Sec Filings
- 11/19/24 - Form 6-K
- 11/13/24 - Form SC
- 11/1/24 - Form 6-K
- XPEV's page on the SEC website