XPeng Inc. (NYSE: XPEV ) has been one of the best-performing EV stocks recently. The stock has largely recovered from its early year selloff, more than doubling in value since August lows, before it recently pared someAnalyst’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 ...

XPeng Inc.’s (XPEV) third-quarter 2024 American depositary share (ADS) loss per share narrowed to 27 cents from the year-ago quarter’s loss of 62 cents. Total revenues rose to $1.44 billion from $1.17 billion reported in the corresponding quarter of 2023. Revenues from vehicle sales totaled $1.25 billion, up from the year-ago revenues of $1.08 billion due to strong growth in deliveries. In the third quarter, the company delivered 46,533 units, up 16.3% year over year.In the third quarter of 2024, revenues f ...

XPeng Inc. (NYSE:XPEV) Q3 2024 Earnings Conference Call November 19, 2024 8:00 AM ET Company Participants Alex Xie - Head, Investor Relations and Capital Markets He Xiaopeng - Co-Founder, Chairman, and Chief Executive Officer James Wu - Vice President, Finance and Accounting Brian Gu - Vice Chairman and President Charles Zhang - Vice President, Corporate Finance and VW Projects Conference Call Participants Tim Hsiao - Morgan Stanley Ming Hsun Lee - Bank of America Bin Wang - Deutsche Bank Tina Hou - Goldman ...

Financial Performance - Quarterly total revenues reached RMB10.10 billion, a 24.5% increase quarter-over-quarter [1] - Gross margin was 15.3%, a historical high and an 18.0 percentage point increase year-over-year [1] - Vehicle sales revenue was RMB8.80 billion, up 12.1% year-over-year and 29.0% quarter-over-quarter [4] - Net loss was RMB1.81 billion, a 53.5% decrease year-over-year [6] - Non-GAAP net loss was RMB1.53 billion, a 45.1% decrease year-over-year [6] Operational Highlights - Total vehicle deliveries were 46,533 in Q3 2024, a 16.3% increase year-over-year [2] - The company had 639 physical sales stores across 206 cities as of September 30, 2024 [2] - Self-operated charging stations reached 1,557, including 654 XPENG S4 ultra-fast charging stations [3] Recent Developments - Total deliveries in October 2024 were 23,917 vehicles [13] - Year-to-date deliveries as of October 31, 2024, were 122,478 vehicles [14] - The company launched the P7+ AI-defined smart electric fastback sedan in November 2024 [16] Management Commentary - The company highlighted significant transformation in core competencies and execution capabilities [12] - Management emphasized the importance of AI in the next decade and the company's focus on becoming a global AI auto company [12] - Technology-driven cost reductions and volume growth contributed to the historical high gross margin [12] Business Outlook - The company expects Q4 2024 vehicle deliveries to be between 87,000 and 91,000, a 44.6% to 51.3% increase year-over-year [36] - Total revenues for Q4 2024 are projected to be between RMB15.3 billion and RMB16.2 billion, a 17.2% to 24.1% increase year-over-year [36] ESG Performance - The company received the highest "AAA" ESG rating from MSCI for the second consecutive year [17] - XPENG was named the "Industry Mover" by S&P Global for two consecutive years, the only company in China's automotive manufacturing industry to achieve this [17] Financial Position - Cash and cash equivalents, restricted cash, short-term investments, and time deposits totaled RMB35.75 billion as of September 30, 2024 [10] - The company's total assets were RMB76.43 billion as of September 30, 2024 [47]

XPENG will launch in the UK in early 2025 with the introduction of the advanced G6 mid-size SUV, offering British consumers high-performance, sustainable mobilityInternational Motors Ltd (IML) official XPENG distributor for the UKIML will establish a broad network to provide sales and after sales services to UK customersThe UK is a priority market for XPENG's European expansion, reflecting the brand's commitment to global growth and aligning with the UK’s rapid shift towards electric vehicles and sustainabi ...

The battle of China's electric vehicle (EV) giants heats up this week as XPeng Inc. XPEV and NIO Inc. NIO prepare to reveal their third-quarter earnings.XPeng reports after the bell on Tuesday, while NIO follows early Wednesday. Here’s what the charts and innovations signal ahead of these crucial reports.XPeng: AI Ambitions Meet Bullish SignalsXPeng is riding high on a wave of tech innovation, unveiling the AI-defined P7+, the futuristic AEROHT flying car, and the Kunpeng Super Electric System boasting reco ...

XPENG debuts the Kunpeng Super Electric System for fast charging and extended range worldwide.XPENG launches the Turing AI Intelligent Driving System, paving the way for L4 autonomous driving.XPENG announces XPENG AIOS, transforming in-car AI interactions.XPENG AEROHT “Land Aircraft Carrier” global debut flight scheduled this month, presale to open in December this year.XPENG unveils its advanced humanoid AI Robot Iron, marking a new frontier in robotics applications. GUANGZHOU, China, Nov. 08, 2024 (GLOBE ...

XPENG outlines its vision for AI-defined mobility, highlighting the advanced design and features of the P7+.Equipped with advanced AI models, the P7+ delivers groundbreaking smart driving and cockpit capabilities.With industry-leading energy efficiency and safety, the P7+ is crafted for sustainable, high-performance journeys. GUANGZHOU, China, Nov. 08, 2024 (GLOBE NEWSWIRE) -- XPENG Motors (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese hi-tech car company, has officially launched t ...

BANGKOK, THAILAND - OCTOBER 26: The Xpeng logo is seen on an electric car during the 2024 Bangkok EV ... [+] Expo at the Queen Sirikit National Convention Center in Bangkok, Thailand on October 26, 2024. (Photo by Valeria Mongelli/Anadolu via Getty Images)Anadolu via Getty ImagesChinese luxury EV maker Xpeng delivered 23,917 vehicles for the month of October, a record for the company. While sales were up about 20% compared to last year, they also rose about 12% compared to September. Xpeng’s total year-to-d ...

Key TakeawaysU.S.-listed shares of a number of Chinese electric vehicle manufacturers mostly rose Monday after October sales rose from last year.Deliveries from BYD, Li Auto, XPeng, and Nio all rose from the same time last year, while Tesla's China-made vehicle sales fell from last year.Tesla stock fell Monday morning, while the others all rose. Investors were bullish on Chinese electric vehicle stocks Monday morning after companies such as BYD, XPeng (XPEV), Li Auto (LI), and others released October delive ...