Xpeng
Citi raises price targets on Xpeng and Li Auto
Citi raised price target on Xpeng (XPEV.US) from $34.70 to $57.71, and maintains "Buy" rating. The bank also raised Li Auto (LI.US) rating from "Neutral" to "Buy" with a price target raised to $45.60 from $27.10.
Xpeng says it has filed a total of 1,574 patents
Since its establishment, Chinese electric car company Xpeng Motors (NYSE: XPEV) has applied for 1,574 patents, including 1,511 domestic patents, said Fan Jinbiao, IP manager of Xpeng.
Xpeng says it expects its second production base to begin operations in 2022
Tesla's Chinese rival and Alibaba-backed Xpeng Motors's second manufacturing base was settled in the Guangzhou Development Zone in September this year and is scheduled to start production by the end of 2022, the company said in a conference call after announcing its third-quarter results on Thursday.
Leading VC explains why they are betting heavily on China's smart EV sector including Li Auto and Xpeng
In a report released today, Matrix Partners China, a leading venture capital (VC) firm that has backed major Chinese tech firms at their early stages, says it is not surprised by the popularity of electric vehicles in China today, as it very much recognizes the underlying revolution that smart electric vehicles will bring.
This is what's happening at Tesla, Nio and Xpeng stores in Shanghai
Recently, Shanghai has tightened restrictions on vehicles with license plates from other provinces and cities, making a large number of users start to consider buying new energy vehicles with local license plates, especially those from Tesla, Nio, and Xpeng.
Xpeng October deliveries reach 3,040 units, up 229% year-on-year
Chinese electric car company Xpeng Motors (NYSE: XPEV) delivered 3,040 units in October, an increase of 229% year-on-year, and reached over 3,000 units for the second consecutive month.
Nio, Xpeng challenge Tesla on assisted driving
Nio and Xpeng, two of the leading companies in the new Chinese car manufacturing industry, have a skill set previously reserved for Tesla.
Xpeng plant's registered capital increases by 200% to 1.5 billion Yuan
The Zhaoqing factory of Chinese electric car company Xpeng Motors (NYSE: XPEV) has recently changed its registered capital from RMB 500 million to RMB 1.5 billion, a 200% increase, Qichacha data showed.
What is the profitability bottleneck for Nio, Xpeng?
On October 22, Tesla announced its third-quarter financial results, with revenue and net profit up sharply year-over-year, and has been profitable for five consecutive quarters.
Xpeng adds six new cities to offer free charging to car owners
Chinese electric car company Xpeng Motors (NYSE: XPEV) announced in September that it would provide free lifetime charging service for Xpeng's first non-operating car owners who charge their cars at designated charging stations in selected cities. The company said today that from October 30, the service will cover new cities such as Haikou, Huizhou, Quanzhou, Weifang, Shantou and Zhuhai.
