XPeng Inc. XPEV is shifting gears with a Golden Cross formation that suggests strong bullish momentum, just as the company unveils its highly anticipated P7+ all-electric sedan. Chart created using Benzinga Pro XPeng stock has broken above key technical indicators, including its five, 20 and 50-day exponential moving averages, which are critical signals of buying pressure. From Gloom To Zoom This technical breakthrough comes despite a challenging backdrop, with XPeng experiencing a -14.53% decline year-to-d ...

During the premarket trading session on October 14, Chinese automaker Xpeng Inc (NYSE: XPEV) share price cratered by 7.08%.  Over the course of the last six months, XPEV stock has rallied by 65.69% — erasing much of its year-to-date (YTD) losses, which stand at 15.03% at press time. This latest development comes in the midst of a broader selloff in China, after disappointing stimulus measures followed a bold announcement that saw investors enter long positions which drove the CSI 300 index to its highest le ...

The most recent trading session ended with XPeng Inc. Sponsored ADR (XPEV) standing at $12.90, reflecting a +1.9% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.61%. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 0.33%.The company's shares have seen an increase of 46.87% over the last month, surpassing the Auto-Tires-Trucks sector's gain of 1.18% and the S&P 500's gain of 5.36%.The investment community will be paying close attention ...

I am initiating coverage on XPeng (NYSE: XPEV ) stock with a “ Buy ” rating and an investment horizon of 24 months. I believe that there are challenges that the company needs to address. However, the business developmentsAnalyst’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 (oth ...

On Wednesday, most electric vehicle stocks experienced declines. However, XPeng (XPEV, Financial) rose over 1.4%, and Rivian Automotive (RIVN) saw an increase of over 3%. On the contrary, NIO (NIO) fell more than 2.4%, Li Auto (LI) dropped over 4.7%, and Tesla (TSLA) saw a slight decline.In related news, XPeng has scheduled the debut of its new P7+ model for October 10. This vehicle is touted as the world's first AI car and is positioned as a 300,000 yuan-class SUV coupe. According to XPeng, the car will fe ...

TIANJIN, CHINA - OCTOBER 3, 2024 - Visitors look at the XPENG AEROHT "Traveler X2" electric flying ... [+] Aircraft at the 2024 China (Tianjin) International Auto Show in Tianjin, China, Oct 3, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images)CFOTO/Future Publishing via Getty ImagesChinese luxury EV maker Xpeng delivered a record 21,352 vehicles in September, up 39.5% year-on-year and up 52% from August. Xpeng’s total year-to-date sales stand at about 98,561 vehicles, up 21% versus l ...

JPMorgan Chase has significantly increased its investment in Chinese assets, acquiring a considerable amount of stock in several major companies. According to the Hong Kong Stock Exchange data, the firm expanded its stake in XPeng Inc. (XPEV, Financial) by approximately HKD 639 million, raising its holding from 4.57% to 5.35%. Additionally, it increased its investment in Boss Zhipin by about HKD 138 million, elevating its stake from 9.88% to 10.05%. The investment bank also boosted its holdings in Zijin Min ...

JPMorgan Chase has significantly increased its investment in Chinese assets, acquiring a considerable amount of stock in several major companies. According to the Hong Kong Stock Exchange data, the firm expanded its stake in XPeng Inc. (XPEV, Financial) by approximately HKD 639 million, raising its holding from 4.57% to 5.35%. Additionally, it increased its investment in Boss Zhipin by about HKD 138 million, elevating its stake from 9.88% to 10.05%.The investment bank also boosted its holdings in Zijin Mini ...

Deutsche Bank research analyst Bin Wang has expressed confidence in Xpeng's (XPEV, Financial) ability to sustain robust sales throughout the remainder of the year. Wang highlighted that Xpeng's vehicle deliveries in September saw a substantial year-over-year increase of 39%, marking the highest monthly delivery figure since the company's inception. This surge was primarily driven by strong market demand for the Mona M03 model.Wang projects that Xpeng will deliver 11,000, 15,000, and 20,000 units of the M03 ...

Gu Hongdi, Vice Chairman and President of Xpeng Motors (XPEV, Financial), announced that the company aims to enter the European market with a focus on bringing its advanced technology rather than offering low-cost alternatives. Speaking at the Global Dialogue Conference in Berlin, Gu emphasized that Xpeng's offerings are based on the value proposition of quality, design, and technology. He reiterated the company's commitment to penetrating the European automotive market. ...