XPeng Banks on New Electric SUV to Spur Growth After Tough Year [Business News Network (BNN) (Canada)]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
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Source: Business News Network
“With the G9, we start launching products in the next few quarters, probably at least one product per quarter, and that is going to be the main catalyst for our new growth,” XPeng President Brian Gu said in an interview with Bloomberg Television on Thursday. “This year we have faced a number of challenges as a company, also an industry, as an economy,” Gu said. “This market requires new products and technology to push forward the brand and the sales momentum.” XPeng and much of the wider industry has struggled as Covid and supply-chain disruptions impacted production. The Guangzhou-based automaker sold almost 9,600 EVs in August, well short of Shenzhen-based market leader BYD Co., which has a more vertically-integrated supply chain and sold 174,000 vehicles. The G9 SUV is XPeng's fourth model and will be priced between 309,900 yuan ($43,710) and 459,900 yuan. Deliveries to Chinese customers begin in October. Gu said the SUV will also be sold in XPeng's European markets -- Denma
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XPEV
News
- XPENG Publishes 2023 Environmental, Social and Governance ReportGlobeNewswire
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- XPENG and the Volkswagen Group Announce Entry into the Framework Agreement on E/E Architecture Technical Collaboration [Yahoo! Finance]Yahoo! Finance
- XPENG and the Volkswagen Group Announce Entry into the Framework Agreement on E/E Architecture Technical CollaborationGlobeNewswire
- XPeng Inc. (NYSE: XPEV) had its "neutral" rating re-affirmed by analysts at Macquarie. They now have a $7.00 price target on the stock.MarketBeat
XPEV
Earnings
- 11/15/23 - Beat
XPEV
Sec Filings
- 4/17/24 - Form 6-K
- 4/17/24 - Form 6-K
- 4/17/24 - Form 20-F
- XPEV's page on the SEC website