What's Going On With NIO Stock Following Strong Q3 Results From Top Peer XPeng? [Yahoo! Finance]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
Company Research
Source: Yahoo! Finance
Today, the company's top peer Chinese EV maker XPeng Inc (NYSE: XPEV) reported fiscal third-quarter sales growth of 18.4% year-on-year, to 10.10 billion Chinese Yuan ($1.44 billion), topping the analyst consensus estimate of $1.38 billion . Total revenues increased 24.5% sequentially. XPeng expects fourth-quarter vehicle deliveries of 87,000–91,000, up 44.6%–51.3% year-on-year. Meanwhile, during the COP29 conference in Baku, Azerbaijan, NIO co-founder and president Qin Lihong revealed the company's renewed plans for global expansion, CnEV Post reports . Lihong shared that NIO aims to enter up to 25 countries or regions by the end of 2025. While NIO had primarily focused on strengthening its presence in Europe, it now plans to accelerate its international footprint, signaling a strategic shift toward more aggressive growth following a period of consolidation in existing markets. Also Read: US Stocks Likely To Open In Red Amid Mounting Geopolitical Tensions: Wharton Economist Say
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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