EV Stocks Are Falling Despite Upbeat Call by Goldman Sachs [Yahoo! Finance News]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
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Source: Yahoo! Finance News
Text sizeThe Li Xiang One PHEV.Courtesy of Li Auto Inc.Goldman Sachs analystFei Fangelectric vehicleNIOHis target for NIO’s (ticker: NIO) stock pricerose 666%upgradedLi shares“We are in a multidecade transition where passenger vehicles are moving from fossil-fuel engines and transmission systems to being powered by batteries, electric motors, inverters and associated computer systems,” wrote Fang in his research report.EVs are likely to account for 20% of new cars sold in China in 2025, he said, up from the 13% he had assumed earlier. His EV penetration assumption for 2030 went to 53% in 2030 from 37%. By 2050, Fang said, EVs are likely to represent 80% of new cars sold in China.Fallingbattery costsIt’s a bullish report, but the stocks aren’t rising. NIO, Li, and theirpeerXPengDow Jones Industrial AverageS&P 500That might appear to be a counterintuitive reaction, but the stocks areup a lotWhat’s more, other analysts were a little ahead of Fang in raising their targets for the companie
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XPEV
News
- 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
- 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