Xpeng Stock Reverses After Unveiling First Electric Vehicle Of Its Kind

Xpeng (XPEV) unveiled its P5 electric car, touting it as the world’s first mass-produced EV equipped with lidar sensors. Xpeng stock sharply turned lower.


The P5 marks the Chinese EV startup’s third production vehicle and second electric sedan. It is “the world’s first production smart EV equipped with automotive-grade LIDAR technology,” Xpeng said in a release.

Some Wall Street analysts regard the emerging Tesla (TSLA) rival as an early leader in autonomous driving.

“Each new Xpeng model aims for a new high in technology, and the P5 is our most advanced and technically ambitious model

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The Zacks Analyst Blog Highlights: BYD Co, NIO, Li Auto and XPeng

For Immediate Release

Chicago, IL – April 13, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: BYD Company Limited BYDDY, NIO Inc. NIO, Li Auto Inc. LI and XPeng Inc. XPEV.

Here are highlights from Monday’s Analyst Blog:

Chinese Auto Sales on Fast Track – Will It Hit a Speed Bump?

Vehicle sales in China for the month of March soared for the 12th straight month to 2.53

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Nio (NIO) Vs Xpeng (XPEV): Which Is A Better Electric Vehicle Stock To Buy?

How Do These 2 Top EV Stocks Stack Up Against Each Other?

Electric Vehicle (EV) stocks were some of the hottest investment trends in the stock market in 2020. Everyone wanted a piece of the red-hot EV industry. From traditional automakers to new EV start-ups, all are scrambling in a race to capture more market shares as the industry heats up. We saw today that Tesla (NASDAQ: TSLA) reported its first-quarter deliveries of 184,800 vehicles, beating analysts’ expectations.

It is no secret that the world is heading towards EVs as the world moves forward toward a more sustainable

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EV makers Li Auto, Nio and Xpeng plan to list in Hong Kong this year

HONG KONG/BEIJING — U.S.-listed Chinese electric vehicle makers Li Auto Inc., Nio Inc. and Xpeng Inc. plan to list in Hong Kong as soon as this year, tapping a growing investor base closer to home, said people with direct knowledge of the matter.

Each aims to sell at least 5 percent of enlarged share capital in the Asian hub, the people said. Based on their New York market capitalization on Monday, proceeds could reach $5 billion.

The companies have been working with advisers on the sales which could begin as early as midyear, said one of the people, who declined

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Why some Chinese buy local electric car brands Nio, Xpeng and not Tesla

An electric vehicle charging station is seen at Nio’s headquarters on Jan. 31, 2021 in Hefei, Anhui Province of China.

Ruan Xuefeng | Visual China Group | Getty Images

BEIJING — Chinese consumers thinking about whether to buy Tesla’s electric cars or local alternatives have two things at the top of their minds: price and driving range.

That’s according to anecdotes gathered by CNBC — conversations from around the country that do not represent qualitative research. But the comments shed light on what some consumers care about in China, the world’s largest auto market.

U.S.-listed Chinese car start-ups Nio, Xpeng

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