Xpeng (NYSE:XPEV) stock is in focus after the Chinese electric vehicle (EV) company reported its fourth-quarter and 2023 full-year earnings. During the quarter, Xpeng delivered 60,158 vehicles, up by a significant 170.9% year-over-year (YOY). That helped bring total revenue to $1.84 billion, which grew by 153.9% YOY and beat the analyst estimate for $1.76 billion. Vehicle sales revenue grew by 162.3% to $1.72 billion.Within the next month, Xpeng will unveil a more affordable EV brand equipped with artificia ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Cash and cash equivalents, restricted cash, short-term investments and time deposits were RMB45.70 billion (US$6.44 billion) as of December 31, 2023Quarterly total revenues were RMB13.05 billion, a 53.0% increase quarter-over-quarterQuarterly gross margin was 6.2%, an increase of 8.9 percentage points quarter-over-quarterFull year vehicle deliveries reached 141,601, a 17.3% increase year-over-yearFull year revenues reached RMB30.68 billionFull year gross margin was 1.5%, a decrease of 10.0 percentage points ...

Xpeng (NASDAQ:XPEV) stock is rising 4% today on news that the company plans to launch a line of electric vehicles (EVs) priced at 50% less than its current models.XPEV stock has lost 28% of its value since the start of 2024. Shares currently trade for about $10 apiece, at a market capitalization of about $9.6 billion.XPEV Stock: Drive Cheap Down Electric AvenueCEO He Xiaopeng said that Xpeng’s new electric vehicles will cost between $14,000 and $21,000, making them competitive with the lower-priced models o ...

After reaching an important support level, XPeng Inc. Sponsored ADR (XPEV) could be a good stock pick from a technical perspective. XPEV surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.The 50-day simple moving average is a widely used technical indicator that helps determine support or resistance levels for different types of securities. It's one of three major moving averages, but takes precedent because it's the first sign of an up or down trend.Over the past four ...

The most recent trading session ended with XPeng Inc. Sponsored ADR (XPEV) standing at $9.15, reflecting no shift from the previouse trading day's closing. This change was narrower than the S&P 500's daily loss of 1.02%. Meanwhile, the Dow lost 1.04%, and the Nasdaq, a tech-heavy index, lost 1.65%.Shares of the company have appreciated by 16.26% over the course of the past month, outperforming the Auto-Tires-Trucks sector's gain of 6.67% and the S&P 500's gain of 3.64%.Market participants will be closely fo ...

GUANGZHOU, China, March 01, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. (("XPENG" or the "Company, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today announced its vehicle delivery results for February 2024. In February 2024, XPENG delivered 4,545 Smart EVs. Deliveries of XPENG X9 reached 1,448 units, with nearly 4,000 units of X9 delivered in the first two months of its launch, achieving a leading position in the electric MPV segment as well as in the three-row seater BEV segment. Wit ...

Shares of Chinese electric car company XPeng (XPEV 7.33%) jumped 8% through 10:25 a.m. ET on Thursday after the company announced it has entered into a "Master Agreement on Strategic Technical Collaboration and Joint Sourcing" with German car giant Volkswagen.The tie-up allies a struggling Chinese electric vehicle (EV) specialist with the world's biggest car company (by sales), and has the potential to boost both companies' fortunes in China and around the world. XPeng + VolkswagenVolkswagen bought a 5% sta ...

XPENG and the Volkswagen Group entered into Master Agreement on Platform and Software strategic technical collaborationXPENG and the Volkswagen Group entered into Joint Sourcing Program to jointly reduce the cost of the PlatformThe joint development of B-class BEVs under Volkswagen brand has achieved a major project development milestone GUANGZHOU, China, Feb. 29, 2024 (GLOBE NEWSWIRE) -- XPeng Inc. ((" XPENG, NYSE:XPEV), a leading Chinese smart electric vehicle ("Smart EV") company and the Volkswagen Group ...

XPeng Inc. Sponsored ADR (XPEV) closed the most recent trading day at $9.38, moving +1.74% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.17%. Elsewhere, the Dow lost 0.25%, while the tech-heavy Nasdaq added 0.37%.The the stock of company has risen by 3.36% in the past month, lagging the Auto-Tires-Trucks sector's gain of 11.33% and the S&P 500's gain of 3.8%.The investment community will be paying close attention to the earnings performance of XPeng Inc. Sponsored ADR i ...