First-quarter revenues for both Li Auto (LI) and XPeng (XPEV) rise year over year. However, LI witnesses a 10.5% decline in its EPS, while XPEV's loss per share narrows on a year-over-year basis.
Chinese electric vehicle (EV) manufacturer, Xpeng Inc. (NYSE:XPEV), saw a significant surge in its shares following a promising forecast for Q2 deliveries and an improved profit margin, as reported by CNBC on Wednesday. The company’s Hong Kong-listed shares rose over 13% in Wednesday’s morning trade, while its U.S.-listed shares climbed nearly 6% in Tuesday’s U.S. trade after the Q1 results were announced. Xpeng reported a 5.5% increase in vehicle margin in Q1, a significant improvement from the
The mean of analysts' price targets for XPeng (XPEV) points to a 76.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.