Electric vehicle sales just capped off 2024 by setting records. This was true in both the United States and China. American car makers General Motors NYSE: GM and Ford Motor NYSE: F both saw their EV sales spike, resulting in them moving the most EVs in their history. The strength was broader in China, as six automakers hit monthly sales records in December. This extended to two up-and-coming players in the Chinese EV space, ZEEKR Intelligent Technology NYSE: ZK and Xpeng NYSE: XPEV It's great to see rising ...

Industry Competition Outlook - Western automakers are facing an existential battle against Chinese counterparts, with a Darwinistic-like price war and market purification expected to eliminate many players within five years [1] - The auto industry will face an "elimination round" from 2025 to 2027, with competition becoming even more heated and cutthroat [2][3] - Most Chinese carmakers are not expected to survive the next decade, with only seven major car companies predicted to exist in the coming 10 years [4][5] Company Performance and Projections - Xpeng delivered 190,068 vehicles in 2024, a 34% increase from 2023, and is on track to achieve profitability by 2025 [3] - Tesla delivered 1.79 million vehicles in 2024, a 1% decrease from 2023 [3] Market Consolidation Trends - The Chinese EV industry will see a "knockout tournament" in the next three to four years, followed by an "all-star competition" in the next seven to eight years [5] - From 300 start-ups, only 100 survived, with fewer than 50 companies still existing and only 40 selling cars annually [4]

XPeng Inc.-ADR XPEV has been the darling of the Chinese EV market, posting a 66% gain over six months. However, technical signals suggest the stock's momentum may be stalling.After a December delivery surge and ambitious plans with Volkswagen AG VLKAF VLKPF, XPeng's stock has slipped 12% in the past month, and the charts are raising red flags.XPEV Stock Chart’s Technical Breakdown Chart created using Benzinga ProXPEV stock, at $12.39, is lagging behind its 20-day ($12.55) and 50-day ($12.52) simple moving a ...

Key TakeawaysXPeng and Volkswagen will work together to build a network of electric vehicle charging stations in China. The two carmakers expect to produce more than 20,000 charging units to be installed in 420 cities.XPeng and Volkswagen plan to look into making more strategic collaborations. Chinese electric vehicle (EV) maker XPeng (XPEV) and Volkswagen's China unit on Monday struck a deal to produce super-fast charging stations there. XPeng said the agreement calls for the building of more than 20,000 c ...

Strategic Collaboration - XPENG and Volkswagen Group China have entered into a memorandum of understanding (MOU) to jointly build one of the largest super-fast charging networks in China [1] - The collaboration will involve over 20,000 charging piles across 420 cities in China, accessible to customers of both companies [2] - Both parties will explore the possibility of building co-branded super-fast charging stations to accelerate network expansion and improve operational efficiency [3] XPENG Overview - XPENG is a leading Chinese smart electric vehicle (Smart EV) company headquartered in Guangzhou, with R&D centers in Beijing, Shanghai, Shenzhen, Zhaoqing, and Yangzhou [4] - The company has established a global presence with an R&D center in the United States and branches in Europe [4] - XPENG focuses on full-stack independent R&D of intelligent assisted driving software and core hardware development [4] - The company was listed on the New York Stock Exchange on August 27, 2020, and on the Hong Kong Stock Exchange on July 7, 2021, becoming the first Chinese NEV manufacturer with dual primary listings [5][6] Volkswagen Group China Overview - Volkswagen Group China is one of the first and most successful international partners in the Chinese automotive industry, with a history dating back to 1978 [7] - The group has established joint ventures such as SAIC VOLKSWAGEN and FAW-Volkswagen, and in 2017, it founded Volkswagen (Anhui) Automotive Company Limited, focusing on NEVs [7] - In 2023, Volkswagen Group China and its joint ventures delivered over 3.23 million vehicles in China and employed around 90,000 people [7] Collaboration Impact - The strategic collaboration marks the fourth milestone in the long-term partnership between XPENG and Volkswagen Group China [3] - Both parties plan to explore further strategic collaboration opportunities, broadening technology collaborations and strengthening their win-win partnership [3]

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

XPENG Rolls Out Global OTA Update XOS 5.4: What's New? XPENG announces the global release of its latest OTA software update, XOS 5.4, bringing advanced intelligent driving features, enhanced safety tools, and personalized experiences to users worldwide.The update introduces the "AI Guard" system and Personalized Operating System 2.0 to enhance driving awareness and road safety.The XPENG Assistant now supports voice control in multiple languages, including English, French, German, Cantonese, and Thai ...

36,695 units delivered in December 2024, an 82% increase year-over-yearMONA M03 surpassed 10,000 deliveries for fourth consecutive month91,507 units delivered in Q4 2024, a 52% increase year-over-year, exceeding upper end of quarterly guidance range for Q4190,068 units delivered for the full year 2024, a 34% increase year-over-year GUANGZHOU, China, Jan. 01, 2025 (GLOBE NEWSWIRE) -- XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) compan ...

World-class safety performance reaffirms XPENG's commitment to occupant and road user protection GUANGZHOU, China, Dec. 10, 2024 (GLOBE NEWSWIRE) -- XPENG Motors (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese high-tech car company, proudly announces that its electric ultra-smart coupe SUV, the XPENG G6, has achieved a prestigious five-star safety rating from the Australasian New Car Assessment Program (ANCAP). This high rating underscores exceptional safety performance across key ...

30,895 units delivered in November, up 54% year-over-yearMONA M03 surpassed 10,000 deliveries for third consecutive monthP7+ launch drives strong delivery momentum GUANGZHOU, China, Dec. 01, 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 record-breaking vehicle delivery results for November 2024. XPENG delivered 30,895 Smart EVs in November 2024, representing growth of 54% year-over-yea ...