|Bid||13.75 x 4000|
|Ask||13.86 x 2200|
|Day's Range||12.86 - 13.89|
|52 Week Range||12.86 - 56.45|
|Beta (5Y Monthly)||3.22|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 21, 2022 - Nov 25, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.66|
GUANGZHOU, China, September 23, 2022--XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle ("Smart EV") company, today announced adjustments to the configurations of its G9 Flagship SUV, launched in the Chinese market on September 21. These adjustments reflect the Company’s commitment to customer experience, and the high demand for certain specifications of the G9, particularly the optional spec packages of cutting-edge technologies.
Nio and XPeng both recently had new launches, but macroeconomic conditions look to be hitting the stocks.
Xpeng has diversified its battery suppliers and no longer counts industry giant CATL as its primary supplier, the Chinese electric car maker's president said on Wednesday. The disclosure by one of CATL's biggest clients reflects how Chinese EV automakers are starting to look for alternative suppliers in hope of better controlling costs, after dominant player CATL raised prices this year. Xpeng was CATL's third-largest client after Tesla and Nio in terms of battery volumes installed in 2021, according to Chinese consulting firm Gaogong Industry Institute.