The mean of analysts' price targets for XPeng (XPEV) points to a 71.2% 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.
China's premium electric car makers can expect a smooth road ahead of them in 2024 as both consumer demand and product margins improve, giving the assemblers a respite from a bruising discount war which has already resulted in the demise of several competitors. Major players Nio, Xpeng and Li Auto, all felt the impact of the three-month race to the bottom, as prices for 50 models across a range of brands dropping by an average of 10 per cent. They are now forecasting a jump in sales for the thre
On Thursday, Nio Inc (NYSE: NIO) issued its unaudited first fiscal quarter results that showed its financials were hurt by promotional activity and the price war Tesla Inc (NASDAQ: TSLA) ignited, as loss widened despite improved margins. But Nio managed to lift the spirits with a more optimistic second quarter outlook. Moreover, it recorded YoY growth in May 2024 deliveries, along with Li Auto (NASDAQ: LI) and XPeng Inc (NYSE: XPEV), but Nio was the only with triple-digit percentage gains, while