XPeng Inc. (XPEV)
After hours:
| Previous Close | 7.18 |
| Open | 7.30 |
| Bid | 0.00 x 40700 |
| Ask | 0.00 x 3000 |
| Day's Range | 7.04 - 7.39 |
| 52 Week Range | 6.55 - 23.62 |
| Volume | |
| Avg. Volume | 13,637,377 |
| Market Cap | 6.863B |
| Beta (5Y Monthly) | 2.92 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.65 |
| Earnings Date | May 22, 2024 - May 27, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 13.95 |
ReutersXPeng CEO says its software, AI upgrades to enter 'super fast cycle'
Chinese electric vehicle (EV) maker XPeng on Thursday said its software and artificial intelligence training upgrades will enter a "super fast cycle" from May, and that it hopes use of its platform will expand to other Asian countries and Europe. He Xiaopeng, founder and CEO of the automaker backed by Germany's Volkswagen, said software will be refreshed with upgrades every two months, in comments made at a press conference on the opening day of the Beijing auto show. "This year, I believe XPeng will far surpass all of China's autonomous driving technology rivals," he said.
- Reuters
UPDATE 1-XPeng CEO says its software, AI upgrades to enter 'super fast cycle'
Chinese electric vehicle (EV) maker XPeng on Thursday said its software and artificial intelligence training upgrades will enter a "super fast cycle" from May, and that it hopes use of its platform will expand to other Asian countries and Europe. He Xiaopeng, founder and CEO of the automaker backed by Germany's Volkswagen, said software will be refreshed with upgrades every two months, in comments made at a press conference on the opening day of the Beijing auto show. "This year, I believe XPeng will far surpass all of China's autonomous driving technology rivals," he said.
- Yahoo Finance Video
China's EV price wars continue in world's largest EV market
Things are spicing up in Tesla's (TSLA) latest EV pricing bout with Chinese competitors in China's auto market, this time with Li Auto (LI) as both companies slash prices on electric vehicle models. Yahoo Finance's Akiko Fujita explains the multi-year timeline of EV price cuts from Chinese auto manufacturers — some noted to be more affordable on average than US counterparts — as China accelerates faster into electrification trends. For more expert insight and the latest market action, click here to watch this full episode. This post was written by Luke Carberry Mogan.
