XPENG Announces Vehicle Delivery Results for December and Fourth Quarter 2022

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Go back to XPENG Announces Vehicle Delivery Results for December and Fourth Quarter 2022

BYD reports December sales in line with overall market

January 3, 2023 8:26 AM EST

Chinese electric vehicle maker, BYD announced their December sales numbers with passenger NEV sales jumping 2% MoM and 153% YoY to 234.6k units. The companys December wholesale sales rose by ~5k units MoM, decelerating from 12k/17k increments seen in the last two months. Morgan Stanley analyst, Tim Hsiao believes that... More

Morgan Stanley remains Bullish as seasonal spike pushes XPeng (XPEV) ahead of guidance

January 3, 2023 8:13 AM EST

Morgan Stanley reiterated an Overweight rating and $12.00 price target on XPeng (NYSE: XPEV) following the Chinese electric vehicle makers December results. The companys s December deliveries declined 29% YoY but increased 94% MoM to 11,292 units, bringing its 4Q22 deliveries to 22,204 units. Slightly ahead... More