UPDATE: XPeng (XPEV) PT Raised to $50.30 at Citi
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June 1, 2021 7:26 AM EDT
Morgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $57.00 price target on XPeng (NYSE: XPEV).
The analyst comments "Xpeng reported May-21vehiclesales of5,686 units, representing MoM growth of 10% and consisting of: 1) 1,889 units of G3(-12% MoM);and 2) P7's record sales of... More
June 1, 2021 6:39 AM EDT
Shares of the electric vehicle (EV) company Xpeng (NYSE: XPEV), one of Teslas (NASDAQ: TSLA) biggest rivals in China, are up around 5% in pre-open Tuesday after the company saw its local sales accelerate in May.
The company said it delivered 5,686 cars in May, a number that marks a 483% year-on-year increase and a 10% rise compared to April. Sales were mostly driven by... More
June 1, 2021 6:29 AM EDT
XPeng Inc. (XPeng or the Company, NYSE: XPEV), a leading Chinese smart electric vehicle (Smart EV) company, today announced its vehicle delivery results for May 2021.
XPeng delivered a total of 5,686 Smart EVs in May 2021, representing a 483% increase year-over-year, and a 10% increase over last month.... More
