Previous Close | 9.64 |
Open | 10.33 |
Bid | 0.00 x 3000 |
Ask | 0.00 x 1800 |
Day's Range | 9.78 - 10.45 |
52 Week Range | 7.51 - 23.62 |
Volume | |
Avg. Volume | 12,244,191 |
Market Cap | 9.769B |
Beta (5Y Monthly) | 2.97 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -1.61 |
Earnings Date | Mar 19, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 17.21 |
XPeng prepares to report earnings for the fourth quarter early Tuesday as the China EV price war intensifies. XPeng stock gained Monday and Li Auto sank. Last month, XPeng announced a hiring and spending spree to survive what it describes as a "bloody sea" of EV competition.
Xpeng says it's launching new models which will be priced between 100,000 to 150,000 yuan — 50% lower than the price range premium brands operate in.
Chinese electric-vehicle (EV) maker Xpeng announced plans to launch a cheaper brand, entering a highly competitive segment amid an intense price competition in the EV industry. Models of the brand, to be launched within the next month, will be priced between 100,000 yuan and 150,000 yuan ($14,000-$21,000), Xpeng Chairman and CEO He Xiaopeng told an industry event in Beijing on Saturday, the company posted on its official WeChat account. Competition in China's EV market has intensified as companies race to cut prices, with market leader BYD spearheading a deeper round of price reductions.