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home / news releases / XPEV - XPeng: EV Struggles Provide Opportunity

XPEV - XPeng: EV Struggles Provide Opportunity

XPeng Inc. American depositary shares each representing two Class A

2024-04-11 10:33:49 ET

Summary

  • XPeng's stock has traded down towards all-time lows due to lower vehicle deliveries in the Chinese BEV market based on seasonality.
  • The company only delivered 21,821 smart EVs during Q1'24, down substantially from Q4 levels.
  • The stock trades at close to 1x '24 sales targets providing an opportunity to buy after a significant dip to start the year.

All EV manufacturers have been impacted by lower than forecast vehicle demand and XPeng ( XPEV ) is no exception. The Chinese EV company has traded back down towards the all-time lows from early 2022 due to low deliveries to start 2024, though the whole Chinese NEV market has the same seasonality issue. My investment thesis remains Bullish on the stock after the big dip....

For further details see:

XPeng: EV Struggles Provide Opportunity
Stock Information
Company Name: XPeng Inc. American depositary shares each representing two Class A
Stock Symbol: XPEV
Market: NYSE
Website: xiaopeng.com
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