XPeng (XPEV) achieves 4th straight month of sales growth with 7,506 May EV deliveries

Analysts watch closely as Chinese EVs battle for market share in Europe

As new EV competitors push into Europes mass market segment, how much market share will they be able to take? Analysts are keeping a close eye on the next 24 months for significant indicators of the potential risks that incumbent European automakers may face and the extent to which their market share could be at stake.

The annual sales of new cars in Europe far surpass $100 billion. With the increasing adoption of battery electric vehicles (BEVs) in Europe, the market will witness a steady flow of highly competitive offerings from established companies as well as new... More

XPeng Inc. (XPEV) Delivered 7,506 EVs in May 2023

XPeng Inc. (NYSE: XPEV) today announced its vehicle delivery results for May 2023.

In May 2023, XPENG delivered 7,506 Smart EVs. The delivery volume of the P7i has experienced a substantial increase compared to the previous month. The Company will further accelerate deliveries of the P7i in June, with the goal of rapidly bringing customers this popular new model that features outstanding style and design aesthetics and distinguishing smart features.

Presale for the G6 Ultra Smart Coupe SUV begins on June 9, with display vehicles available at our stores.

In... More

Morgan Stanley remains bullish as XPeng (XPEV) says G6 demo cars will reach every Chinese location by end of week

Morgan Stanley reiterated their Overweight rating and $12.50 price target on XPeng Inc. (NYSE: XPEV) following the Cheche technology and Shanghai insurance exchange summit held in China this month. The summit focused on new energy vehicles and included companies like XPeng, NIO and... More

Volkswagen COO says automaker will not join discount battle in China 'at any price'

Volkswagen Chief Operating Officer Ralf Brandstaetter said in an interview released Wednesday that the German automaker would not participate in a discount battle in China "at any price".

"Volkswagen is focusing on a sustainable business model. In concrete terms, this means that we will not participate in the... More

Volkswagen won't join China discount battle "at any price" - COO

BERLIN (Reuters) -Volkswagen will not participate in a discount battle in China "at any price", Chief Operating Officer Ralf Brandstaetter said in an interview released on Wednesday.

The German carmaker is under growing pressure in its most important market from up-and-coming Chinese manufacturers who are more successful with electric cars than their Western rivals.

XPeng (XPEV) PT Lowered to $10 at Deutsche Bank

Deutsche Bank analyst Edison YYu lowered the price target on XPeng (NYSE: XPEV) to $10.00 (from $11.00) while maintaining a Buy rating.... More