20 de outubro de 2020 , por
Find out how closed-end funds offer distinctive strategies that may be best suited for diversifying assets and risks. XPeng is focused on the world-leading China auto market, where passenger vehicle sales totaled 21.1 million units in 2019, according to IHS Markit Report figures cited in Xpeng’s filing.
Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. Xpeng Motors said it has reached an agreement securing a $586 million round of financing from a state-owned investment company, as the Chinese electric vehicle maker pursues further expansion with plans to build its second plant. Xpeng P7 sports sedan & G3 compact SUV. The Chinese electric car manufacturer Xpeng announced that September was its record month and 3,478 P7 sports sedan and G3 … Alibaba and its online shopping subsidiary Taobao increased their stake in Xpeng to 19%, up from around 3.2%, the Wall Street Journal reported. IBD Live: A New Tool For Daily Stock Market Analysis. The EV maker is also attempting to boost domestic sales by offering lifelong free charging, an offer which started Saturday, to individual buyers from 24 major cities, including Beijing, Shanghai, Guangzhou, and Shenzhen. That's not only 145% more than a year ago but also allowed Xpeng to increase the third quarter volume by 266% to 8,578 (also a new record). As part of the agreement, around RMB 1.3 billion from the financing will be spent on the construction of a manufacturing base, scheduled to kick off production by late 2022, within the development zone. Currency in USD. Guangzhou GET Investment Holdings Co., Ltd, a subsidiary owned by the Guangzhou Economic and Technological Development Zone, part of the city’s municipal government, will inject RMB 4 billion (around $586 million) into Xpeng to fuel its growth, the company said Monday. “With the strong support from the Guangzhou government, we are confident we will execute on our strategic growth initiatives and deliver the highest quality products and services to meet our customers’ needs,” Xpeng CEO He Xiaopeng said in an announcement. Shares fell 6.75% to close at 17.75 on the stock market today. The vehicles will sell at a starting price of 358,000 Norwegian Krone ($37,590). READ MORE: Xpeng, next up in wave of US IPOs, attracts big-name investors. It's great to see that the Chinese manufacturers, like Xpeng and NIO, are gradually offering more models and in higher volume. Ownership data provided by Refinitiv and Estimates data provided by FactSet. Futures rose on stimulus deal hopes after stocks sold off... Today's Donald Trump vs. Joe Biden poll update from IBD/TIPP shows a competitive race. Alibaba more than quintupled its stake in Chinese electric-vehicle maker Xpeng as the recovery in China car sales accelerated in August.Xpeng stock fell. Our big webinar sale is here: Get 2 months of IBD Digital for $12 or get 2 weeks of IBD Live free! Nio handed over 17,702 vehicles to customers during the same period, followed by Li Auto at 12,181 units. © 2000-2020 Investor's Business Daily, Inc. All rights reserved. Xpeng is the third Chinese electric vehicle startup to go public in New York after Nio's (NIO) $1 billion IPO two years ago and Li Auto's (LI) recent $1.1 billion IPO. She covers Chinese mobility, autonomous vehicles, and electric cars. The Chinese electric car manufacturer Xpeng announced that September was its record month and 3,478 P7 sports sedan and G3 compact SUV were delivered. The rating sent Xpeng stock higher in Tuesday trading.
The P7 took Xpeng on a ride to a new sales records. Sales are expected to begin in November, with help from a local dealer. Which financial companies are the most trusted according to investors? The company plans to expand its free charging offer more than 60 cities by year-end and the number will more than triple to 200 by the first half of 2021.
Xpeng is the first Chinese EV maker to offer free lifetime charging, limited to 3,000 kilowatt-hours (kWh) of charging credits annually, for first-time buyers. © InsideEVs Add to watchlist. It began deliveries of its second model, the … Rival Chinese EV maker Nio has offered a free battery swap service for customers with their first cars, but recently capped the service at six free swaps per month to new owners. As sales increase, Xpeng is now busy to also expand its manufacturing capacity. The company recently broke ground for a new plant in Guangzhou, which should be completed by December 2022. The electric-car company was founded in 2014, and Xpeng stock went public last month in a $1.5 billion IPO. Xpeng Stock Jumps In Debut After IPO Prices High Amid Strong Demand, Stocks To Watch: Top-Rated IPOs, Big Caps And Growth Stocks, Find The Latest Stocks Hitting Buy Zones With MarketSmith, Join IBD Live And Learn Top Chart-Reading And Trading Techniques From The Pros. Find Aparna Narayanan on Twitter at @IBDANarayanan. The US EV maker reportedly offered two years of Supercharging for free a year ago in an aim to boost Model 3 deliveries, after it put an end to free unlimited supercharging in 2018, according to a TechCrunch report.
Alibaba (BABA) more than quintupled its stake in Chinese electric-vehicle maker Xpeng (XPEV) as the recovery in China car sales accelerated in August. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article.
Yep. Xpeng raised $300 million from Alibaba and some other investors shortly before its IPO. This site, like many others, uses small files called cookies to help us improve and customize your experience. Latest news and trends about tech in China. China car sales rose for a second straight month, boosting hopes that a two-year slump may be nearing an end.
See XPeng Inc. (XPEV) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. Connect with friends faster than ever with the new Facebook app. Learn more about how we use cookies in our cookie policy. XPeng Inc. (XPEV) NYSE - NYSE Delayed Price. Authors may own the stocks they discuss.
Nio last week reported more than doubling August sales year over year, while Li Auto increased August sales vs. July after kicking off production in November 2019. The company recently kicked off its global sales initiative with a shipment of 100 G3 crossovers destined for Norway. A third model is expected in 2021. It's still too early to say how things will sort out in the long term, but they are definitely moving forward. 10/20/2020 Tesla's plunge came after the S&P 500 Index Committee failed to add Tesla to the index, belying expectations. Futures rose on stimulus deal hopes after stocks sold off on stimulus deal pessimism. P7, which launched at the end of June, is a rival to the Tesla Model 3 in China. Headquartered in Guangzhou, capital city of southern Guangdong province, Xpeng is accelerating expansion domestically as well as overseas. Headquartered in Guangzhou, capital city of southern Guangdong province, Xpeng is accelerating expansion domestically as well as overseas. An important part of the future of those startups might be sales ramp-up in Europe and later also in North America.
The company recently kicked off its global sales initiative with a shipment of 100 G3 crossovers destined for Norway. But the latest presidential poll shows Trump is struggling to close the deal with voters who backed him in 2016. Xpeng is a young car company, having been founded by He Xiaopeng in 2014, but it has solid financial backing from Alibaba. Xpeng produces two premium electric vehicles, the G3 SUV and the four-door P7 sports sedan. BREAKING: Futures Rise On Stimulus Talks Progress. Currently a top seller in the Chinese EV market, Tesla has been capricious with its free supercharging policy. Get instant access to exclusive stock lists, expert market analysis and powerful tools with 5 weeks of IBD Digital for only $5! recently broke ground for a new plant in Guangzhou, The first batch of Xpeng X3 was already sent to Norway, XPeng Announces New Manufacturing Plant In Guangzhou, Xpeng Unveils Flying Electric Vehicle Prototype At Beijing Motor Show. Xpeng is led by former Alibaba executive He Xiaopeng, with the Chinese e-commerce giant becoming an early investor in the electric-car startup back in December 2017. Click here to find out! More by Jill Shen. Total sales rose 8.8% last month to 1.73 million vehicles, the China Passenger Car Association said. Jill Shen is Shanghai-based technology reporter. The vehicles will sell at a starting price of 358,000 Norwegian Krone ($37,590). Xpeng, next up in wave of US IPOs, attracts big-name investors, Nio, Xpeng, Li Auto: your cheat sheet to China's listed Tesla rivals, EV maker Byton CEO departs amid restructuring: report, China Tech Investor: Xiaomi’s resilience, with Bryan Ma, Zoom will be local version-only for Chinese users. Previously, the company contracted production to Chinese OEM, Haima. Realtime quote and/or trade prices are not sourced from all markets. Like us on Facebook to see similar stories, Patrick Mahomes breaks NFL touchdown pass record as the Kansas City Chiefs bounce back to win, Pelosi, Mnuchin set to speak again Tuesday to pin down language on stimulus. Get market updates, educational videos, webinars, and stock analysis. Xpeng was founded in 2015 by veterans of Chinese automaker Guangzhou Automobile and Alibaba Group .
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