EV Share Frenzy Continues, But Only For New Makers, Not Legacy Brands [Forbes]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
Company Research
Source: Forbes
XPeng founder and Chairman He Xiaopeng has seen his company leapfrog both Ferrari and BMW to become... [+]the world's ninth biggest automaker - despite selling less than 4000 cars a month - as the EV share bubble continues to expand. Photo: Getty Images/Visual China Group via Getty ImagesYesterday the world’s ninth biggest automaker was BMW, which sells more than two million cars a year, followed by Ferrari.Today, it’s a Chinese electric vehicle brand called XPeng that has rarely sold more than 4000 cars a month.Stocks in electric-vehicle makers are surging, with some leaping beyond 150 percent in just a month.From TeslaTSLAOut of 15 pure EV shares we checked, 14 are up significantly this week (the exception is Fisker, which is still up for the month) and six of them have hit 52-week highs.They’ve gained more in the past week alone than the market capitalizations of GM and Ford combined.What’s remarkable about the EV surge is that it isn’t an EV surge at all. It’s an exclusively new E
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XPEV
News
- XPENG to Showcase AI-powered Smart EV innovations at Beijing Auto Show 2024GlobeNewswire
- XPENG Publishes 2023 Environmental, Social and Governance ReportGlobeNewswire
- XPENG Files 2023 Annual Report on Form 20-FGlobeNewswire
- 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
XPEV
Earnings
- 11/15/23 - Beat
XPEV
Sec Filings
- 4/19/24 - Form 6-K
- 4/17/24 - Form 6-K
- 4/17/24 - Form 6-K
- XPEV's page on the SEC website