Why Nio and Chinese EV Stocks Had an Awful January [Yahoo! Finance]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
Company Research
Source: Yahoo! Finance
That was especially true for Chinese EV names Nio (NYSE: NIO) XPeng (NYSE: XPEV) , and Li Auto (NASDAQ: LI) . Over the past six months, those stocks are all down by between 39% and 64%. Returns in January contributed heavily to those declines. For the month Nio shares lost 38%, XPeng plunged 42.9%, and Li Auto lost 26%. according to data provided by S&P Global Market Intelligence Record EV shipments Some of those January results even came after the three Chinese upstarts reported record deliveries in December 2023. The three combined to deliver nearly 88,500 units, a third consecutive monthly record. Investors decided to sell the news, though. That's because there were building headwinds that materialized in January. Competition is causing these EV makers to lose pricing power in their domestic market. Both Tesla with its Shanghai factory and China-based BYD are much larger EV sellers. BYD, which counts Warren Buffett's Berkshire Hathaway as an investor , delivered more than
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XPEV
News
- Biggest stock movers today: QCOM, DASH, and more [Seeking Alpha]Seeking Alpha
- XPENG Announces Vehicle Delivery Results for April 2024 [Yahoo! Finance]Yahoo! Finance
- XPENG Announces Vehicle Delivery Results for April 2024GlobeNewswire
- XPENG to Showcase AI-powered Smart EV innovations at Beijing Auto Show 2024GlobeNewswire
- XPENG Publishes 2023 Environmental, Social and Governance ReportGlobeNewswire
XPEV
Earnings
- 11/15/23 - Beat
XPEV
Sec Filings
- 5/2/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/19/24 - Form 6-K
- XPEV's page on the SEC website