Xpeng sees increased vehicle deliveries and revenue growth, benefiting from strong EV market in China.

From Nasdaq: 2024-10-08 02:10:47

In September, Xpeng delivered a record 21,352 vehicles, up 39.5% YoY. Li Auto delivered 53,709 vehicles, up 49% YoY. Xpeng’s new Mona brand drove growth, with the Mona M03 selling over 10,000 units. The EV market in China remains strong, with Xpeng’s lower-end models benefiting from government incentives and stimulus plans.

XPEV stock has been volatile, with -80% returns in 2022. Xpeng’s financials have improved, with Q2 2024 revenues up 54.1% YoY. Xpeng stock trades at 1.9x forward revenues, higher than peers Nio and LI. The Trefis HQ Portfolio has outperformed the S&P 500, offering better returns with less risk.

XPEV Returns in October 2024 are 0% MTD and -16% YTD. The cumulative return from 2017-2024 is -71%, compared to the S&P 500 which has a total return of 156%. Consider investing with Trefis for market-beating portfolios and price estimates to make informed decisions. The author’s views do not necessarily reflect those of Nasdaq, Inc.



Read more at Nasdaq: How The Mona Brand Is Helping Xpeng Stock