Saturday, February 5, 2022

Electric cars: XPeng Motors (NYSE:XPEV)

XPeng Motors is a Chinese electric vehicle manufacturer. The company is headquartered in Guangzhou, with offices in Mountain View, California, United States and is publicly traded on the New York Stock Exchange. 
CEO: He Xiaopeng (Aug 2017–)

  • Sector(s): Consumer Cyclical
  • Industry: Auto Manufacturers
  • Full Time Employees: 13,978
  • Founded: 2014

The P5 sedan

Xpeng makes the G3 small SUV, the P7 sedan and the smaller P5 sedan. The P5 sedan, officially launched in mid-September, is the first production car to come with Lidar. On Nov. 12, Xpeng unveiled the G9 SUV, saying it's targeted for international markets. The fast-charging SUV is due to launch in Q3 2022.

The EV maker has now opened P5 reservations in Norway, Denmark, Sweden and the Netherlands. Xpeng already sells some G3 SUVs and P7 sedans in Norway.

The company on March 28 topped Q4 revenue forecasts and reported a smaller-than-expected Q4 loss.

The company will release April deliveries on May 1.

Xpeng delivered 15,414 EVs in March, up 202% vs. a year earlier and a 148% increase vs. February. Q1 deliveries hit 34,561 vehicles. That topped company forecasts for 33,500-34,000 EVs in Q1 and implied March deliveries of around 14,600.

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