What’s Going On With Chinese EV Stocks Nio, Li Auto, XPeng On Wednesday? Brussels’ decision to impose tariffs on Chinese electric vehicles will impact companies such as BYD Co (OTC:BYDDF) and SAIC, as well as Tesla Inc (NASDAQ:TSLA), which manufactures in China. Starting next month, the European Commission plans to apply provisional duties of up […]
Tag: XPeng
China’s EV Maker XPeng Speeds Ahead with Strong Revenue Growth, Expects Selling More Than 29K Units In Q2
China’s EV Maker XPeng Speeds Ahead with Strong Revenue Growth, Expects Selling More Than 29K Units In Q2 Chinese EV maker XPeng Inc (NYSE:XPEV) reported fiscal first-quarter sales growth of 62.3% year-on-year, to 6.55 billion Chinese Yuan ($0.91 billion), beating the analyst consensus estimate of 6.17 billion Chinese Yuan ($0.87 billion). Total revenues declined 49.8% sequentially. Adjusted net loss per ADS of $0.21 beat the analyst consensus […]
Xpeng says US tariffs on Chinese EVs detrimental to meeting carbon neutrality
HONG KONG (Reuters) -Chinese electric vehicle maker Xpeng said on Friday new U.S. tariffs on Chinese EVs are detrimental to achieving carbon neutrality and green energy transition. “It will result in higher costs,” Xpeng co-President Brian Gu told media in Hong Kong where the company launched two EV models. “This has no impact on Xpeng […]
Tesla Rivals: Nio Deliveries Jump, BYD, Li Auto, XPeng Report April Sales Amid Price War
China EV makers Li Auto (LI), Nio (NIO) and XPeng (XPEV) reported April deliveries early Wednesday, as well as EV and battery giant BYD (BYDDF), amid fierce competition. EV stocks were mixed. X Li Auto reported lower sales vs. March, while BYD, XPeng and especially Nio deliveries grew. All have rolled out new or refreshed […]
Why Shares of EV Stocks Nio, Li Auto, and XPeng Are Racing Higher Today
Markets seem poised to end the week on a high note with both the S&P 500 and Dow Jones Industrial Average inching up after a rocky trading session yesterday. But several electric vehicle (EV) stocks are charging considerably higher today with investors believing that Chinese EV manufacturers might be ready to make a greater push […]
Why Li Auto, VinFast, and XPeng Plunged in March
Shares of Chinese electric vehicle (EV) stocks Li Auto (NASDAQ: LI) and XPeng (NYSE: XPEV), as well as Vietnamese EV maker VinFast (NASDAQ: VFS), plunged in March, down 34%, 18.6%, and 16.8%, respectively, according to data from S&P Global Market Intelligence. Expectations may have been high for this cohort heading into the month. After all, […]
BYD, Nio, Li and XPeng Report Deliveries Rose In March
Back in 1995, BYD Company Limited (OTC: BYDDY) was a battery manufacturer. Today, BYD is China’s leading EV seller who even stole the quarterly crown of the EV king, Tesla Inc (NASDAQ: TSLA) during the last three months of 2023 as it became the world’s largest EV seller. The rise of BYD, as well as […]
China EV Sales Due For Tesla Rivals Nio, Li Auto, XPeng, BYD After Stocks Plunged In Q1
China EV makers Nio (NIO), Li Auto (LI) and XPeng (XPEV) will report March and first-quarter deliveries on Monday, April 1, with expectations low. China EV and battery giant BYD (BYDDF) will release monthly and quarterly sales on Monday or Tuesday. X All are expected to report a rebound in March from February, slow due […]
Alibaba Raises $317 Million From Sale of Stake in EV Maker XPeng
(Bloomberg) — Alibaba Group Holding Ltd. raised $317 million from the sale of about 33 million of US-traded shares of XPeng Inc., a person familiar with the matter said. Most Read from Bloomberg Taobao China Holding Ltd., an Alibaba subsidiary, has priced the American depositary shares at $9.60 each, according to the person. The stake […]
BYD and Xpeng up the ante as they offer heavy discounts to arrest sales slump
The discount war in China’s electric vehicle (EV) space is picking up pace, with leading players BYD and Xpeng slashing the prices of their bestselling models to cushion falling sales. More carmakers are expected to join the fray as they go all out to maintain market share, according to industry officials and analysts. Shenzhen-based BYD […]
China’s EV rush into Western markets risks ending in a ‘bloodbath’ for the industry, warns founder of Tesla rival Xpeng
Players in the Chinese EV industry may have little choice but to square off in a potential fight to the death, according to the billionaire cofounder of Xpeng. No matter who wins, though, their Western peers stand to lose. As China’s carmakers pursued profitable growth in the West, the country took Japan’s crown as the largest automotive […]
Chinese EV maker Xpeng to hire 4,000, invest in AI
SHANGHAI/BEIJING (Reuters) – Chinese electric vehicle maker Xpeng said it would hire 4,000 this year and invest millions in artificial intelligence, as it seeks to survive what it describes as a “bloody sea” of competition in the world’s largest auto market. The additional employees would represent a 25% expansion of the Volkswagen-backed EV maker’s workforce […]