XPENG Reports Third Quarter 2024 Unaudited Financial Results
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
Company Research
Source: GlobeNewswire
Quarterly total revenues were RMB10.10 billion, a 24.5% increase quarter-over-quarterQuarterly gross margin was 15.3%, reaching a historical high, an increase of 18.0 percentage points over the same period of 2023 GUANGZHOU, China, Nov. 19, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced its unaudited financial results for the three months ended September 30, 2024. Operational and Financial Highlights for the Three Months Ended September 30, 2024 2024Q32024Q22024Q12023Q42023Q32023Q2 Total deliveries46,53330,20721,82160,15840,00823,205 Total deliveries of vehicles were 46,533 for the third quarter of 2024, representing an increase of 16.3% from 40,008 in the corresponding period of 2023.XPENG’s physical sales network had a total of 639 stores, covering 206 cities as of September 30, 2024.XPENG self-operated charging station
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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
- XPeng Inc (XPEV) Q3 2024 Earnings Call Highlights: Record Deliveries and Margin Improvements ... [Yahoo! Finance]Yahoo! Finance
- What's Going On With NIO Stock Following Strong Q3 Results From Top Peer XPeng? [Yahoo! Finance]Yahoo! Finance
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