UBS Downgrades XPeng (XPEV) to Neutral
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XPeng (XPEV) shares sink as VP of autonomous driving resigns
August 2, 2023 3:24 PM EDTXPeng (NYSE: XPEV) shares experienced a decline of over 5% on Wednesday following an announcement by the Chinese electric vehicle startup. The company disclosed in a statement that Wu Xinzhou, the Vice President of Autonomous Driving, has tendered his resignation due to personal and family reasons.
Wu has been at the forefront of the Chinese EV maker's autonomous driving development since 2018. He oversees a team... More
Chinese EV startups report July deliveries, Li Auto (LI) leads with 227% YoY surge
August 1, 2023 10:13 AM EDTChinese electric vehicle startups, namely Nio (NYSE: NIO), Li Auto (NYSE: LI), and XPeng (NYSE: XPEV), disclosed their July delivery results, with Li Auto emerging as the leader, delivering an impressive 34,134 units, marking a remarkable year-on-year surge of 227.5%. This achievement signifies the second consecutive month during which Li Auto surpassed 30,000 deliveries.
As a preferred premium automotive brand for Chinese families, we successfully... More
UBS cuts XPeng (XPEV) to Neutral amid VW collaboration
July 31, 2023 8:06 AM EDTUBS downgraded XPeng (NYSE: XPEV) to a Neutral rating (From Buy) and raised their 12-month price target on the stock to $23.00 (From $12.00) after the carmaker announced a collaboration with Volkswagen.
While we share the market's positive view on VW's investment and collaboration, and pricing competitiveness of G6's... More
