Xpeng shares jump as China EV maker prices SUV below Tesla Model Y
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Chinese EV start-ups surge following June delivery numbers
July 3, 2023 9:03 AM EDTShares of Chinese electric vehicle makers Nio (NYSE: NIO), Li Auto (NASDAQ: LI) and XPeng (NYSE: XPEV) are surging pre-market after the three announced June delivery numbers.
NIO is up 4.2% in pre-market trading Monday after the Chinese automaker announced over the weekend that they delivered 10,707 last month, a 17.4% drop from the same time last year, but a significant 74% increase from numbers reported... More
XPeng (XPEV) climbs after G6 priced below Tesla (TSLA) Model Y
June 30, 2023 1:12 PM EDTShares of Xpeng Inc. (NYSE: XPEV) are up nearly 14% and counting on Friday after the Chinese electric automaker revealed the starting price for the companys new G6 smart SUV is about 20% below the cost of Teslas (NASDAQ: TSLA) Model Y in the country.
The pricing comes at a time when EV giant Tesla's sales China... More
CLSA cuts XPeng (XPEV) to Buy following G6 launch
June 30, 2023 8:39 AM EDTCLSA downgraded XPeng (NYSE: XPEV) to an Outperform rating (From Buy) and raised their 12-month target price to $13.10 (From $10.00) following the launch of the companys G6 smart electric SUV on Thursday.
Analyst Aaron Zijun Li wrote in a note, Xpeng launched G6 model on 29 June with official price starting from Rmb209,900. We expect G6 could reach 10,000 monthly sales units, helping Xpengs sales return to... More
