Chinese EV startups report July deliveries, Li Auto (LI) leads with 227% YoY surge

XPeng (XPEV) shares sink as VP of autonomous driving resigns

XPeng (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

NIO Inc. (NIO) Delivered 20,462 EVs in July 2023

NIO Inc. (NYSE: NIO) today announced its July 2023 delivery results.

NIO delivered 20,462 vehicles in July 2023, representing an increase of 103.6% year-over-year. The deliveries consisted of 14,066 premium smart electric SUVs, and 6,396 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 364,579 as of July 31, 2023.

The deliveries of the All-New ES6, a smart electric all-round SUV, have been growing solidly since its debut in late May 2023, and exceeded 10,000 units monthly in July 2023. The All-New ES6 caters to wide-ranging journeys of users for their family, business and leisure... More

Li Auto (LI) Delivered 34,134 EVs in July 2023

Li Auto Inc. (Nasdaq: LI) today announced that the Company delivered 34,134 vehicles in July 2023, representing an increase of 227.5% year over year and surpassing the 30,000 mark for the second consecutive month. The cumulative deliveries of Li Auto vehicles in 2023 reached 173,251 as of the end of July.

As a preferred premium automotive brand for Chinese... More

XPeng (XPEV) Delivered 11,008 EVs in July 2023

XPeng Inc. (NYSE: XPEV) today announced its vehicle delivery results for July 2023.

In July 2023, XPENG recorded monthly deliveries of 11,008 Smart EVs, a 28% increase over the prior month, marking its sixth consecutive month of delivery growth.

XPENGs G6 Ultra Smart Coupe SUV commenced mass deliveries across 110 cities... More

JPMorgan Upgrades XPeng (H-Shares) (9868:HK) (XPEV) to Neutral

JPMorgan analyst Nick Lai upgraded XPeng (H-Shares) (9868:HK) (NYSE: XPEV) from Underweight to Neutral with a price target of HK$71.00 (from HK$40.00).

UBS cuts XPeng (XPEV) to Neutral amid VW collaboration

UBS 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

UBS Downgrades XPeng (XPEV) to Neutral

UBS analyst Paul Gong downgraded XPeng (NYSE: XPEV) from Buy to Neutral with a price target of $23.00 (from $12.00).

For an analyst ratings summary and ratings history on XPeng click here. For more ratings news on XPeng click here.

Shares of XPeng closed at $23.39 yesterday.

Macquarie Upgrades XPeng (H-Shares) (9868:HK) (XPEV) to Outperform

Macquarie analyst Erica Chen upgraded XPeng (H-Shares) (9868:HK) (NYSE: XPEV) from Underperform to Outperform with a price target of HK$70.00 (from HK$26.00).

XPeng (XPEV) PT Raised to $18 at JPMorgan

JPMorgan analyst Nick Lai raised the price target on XPeng (NYSE: XPEV) to $18.00 (from $10.00) while maintaining a Neutral rating.... More