Why Did Xpeng Stock Soar 34% On Monday? [Forbes]
XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV)
Company Research
Source: Forbes
BRAZIL - 2020/09/05: In this photo illustration the Xpeng logo seen displayed on a smartphone.... [+](Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)Xpeng (NYSE: XPEV) stock jumped 34% in Monday’s trading after it unveiled its next-generation autonomous driving architecture that will feature in its 2021 production models.GOOGWhile the 34% jump in the stock price appears overdone, given that we don’t yet know the effectiveness of the system or the incremental costs that the new sensors will add, investors have reason to be optimistic. Autonomous driving is seen as one of the hottest themes in the automotive space. Moreover, self-driving algorithms are based on machine learning, and the more miles people drive using autonomous cars the smarter the algorithms become. If Xpeng’s system works well, it could enable the company to build an early mover advantage in the space, enabling it to gather more data and improve its self-driving capabilities.[11/3/2020]
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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
- 4/25/24 - Form 6-K
- 4/19/24 - Form 6-K
- 4/17/24 - Form 6-K
- XPEV's page on the SEC website