XPeng ADR Stock News

Chinese luxury EV maker Xpeng delivered a total of 14,036 vehicles in August, up 2.5% compared to last year and up 26% versus last month. This puts the company's year-over-year growth behind Li Auto which saw sales grow 38% to 48,122 vehicles and Nio stock which saw its deliveries expand 4.4% versus last year.

14,036 vehicles delivered in August 2024, a 3% increase year-over-year and up 26% over the prior month 14,036 vehicles delivered in August 2024, a 3% increase year-over-year and up 26% over the prior month

Tesla archrival BYD is expected to report August sales of about 400,000. Nio, Li Auto and XPeng deliveries should be solid.

XPeng's CEO bought shares at $7.02, signaling confidence in the stock trading at the lows. The Chinese EV company launched the Mona brand, targeting Tesla's Model 3 at half the price, with strong initial orders indicating potential success. The stock is trading below 1x sales targets, while growth rates remain strong and support a higher forward P/S multiple.

Chinese electric vehicle stocks are under pressure after the recent earnings showed the extent of the ongoing slowdown. Li Auto (LI) stock plunged by more than 17% on Wednesday, bringing the 12-month collapse to 55%.

• Successful tape-out of “XPENG Turing,” XPENG's self-developed chip with a 40-core CPU, which empowers AI vehicles, AI robots and eVOTLs • Roll out of next-gen AI-powered perception solution for smart driving, the “AI Hawkeye Visual Solution” or “Hawkeye,” which maximizes capabilities of end-to-end AI models • Announced 4-phase plan for "end-to-end" technology aimed to achieve an L3+ smart dri...

Xpeng Inc (NYSE:XPEV), one of Tesla's Chinese electric vehicle rivals, has launched a new model priced below an equivalent of $17,000 and a higher-end version priced just below $22,000 that boasts self-driving features.  Shares in the Hong Kong- and New York-listed company rose 6% on its announcements overnight, where the new affordable Mona M03 model was launched in a strategic move to penetra...

Elon Musk and Co. have been promising a low-cost EV—but Chinese rival XPeng appears to have beaten Tesla to the punch.