XPeng (XPEV) P7 earns silver nomination as Lyd & Billede Home's premium EV of the year
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Saudi PIF in discussions to invest in Chinese EV brand
November 7, 2023 9:08 AM ESTAccording to individuals with knowledge of the situation, the sovereign wealth fund of Saudi Arabia is currently negotiating an investment of no less than $250 million in Human Horizons Group, a Chinese electric-vehicle manufacturer.
A move supporting the kingdoms initiative to establish a local automotive sector.
The sources disclosed that the Public Investment Fund (PIF) might secure a stake in the Shanghai-based company at a valuation of $3 billion. They added that while an agreement could potentially be reached within the... More
Citi opens catalysts call on XPeng (XPEV); reiterates Sell rating
November 1, 2023 5:54 PM EDTCiti reiterated a Sell rating on XPeng (NYSE: XPEV) with a 12-month price target of $10.50 on the Chinese EV stock following the automakers October 2023 delivery report.
XPeng announced W3ednesday that the automaker delivered a record high of 20,002 units in October, representing a 31%... More
Citi Reiterates Sell Rating on XPeng (XPEV), Opens Catalyst Watch
November 1, 2023 4:00 PM EDTCiti analyst Jeff Chung reiterated a Sell rating and $10.50 price target on XPeng (NYSE: XPEV).
The analyst comments "We open 30-days positive catalyst watch considering: (1) Xpeng delivered 20,002 units of sales in Oct (G6 delivery at 8,741 units), which beat market consensus, implying... More
Citi Reiterates Sell Rating on XPeng (H-Shares) (9868:HK) (XPEV), Opens Catalyst Watch
November 1, 2023 3:59 PM EDTCiti analyst Jeff Chung reiterated a Sell rating and HK$41.00 price target on XPeng (H-Shares) (9868:HK) (NYSE: XPEV).
The analyst comments "We open 30-days positive catalyst watch considering: (1) Xpeng delivered 20,002 units of sales in Oct (G6 delivery at 8,741 units), which beat market... More
XPeng (XPEV) releases record high October sales results
November 1, 2023 12:17 PM EDTChinese electric vehicle maker, XPeng (NYSE: XPEV) released their October 2023 vehicle delivery report on Wednesday, announcing the companys Smart EV monthly deliveries reached a record high of 20,002 units, representing a 31% increase over the prior month and a 292% increase year-over-year.
This month, XPENG continues to demonstrate its impressive growth, marking the ninth consecutive month of strong results. Additionally, the production output of the XPENG G6 has notably increased, leading to a remarkable single-month... More
