More Details of XPeng's New SUV RevealedThe vehicle, which is based on XPeng's Edward platform like the P7 sedan, could be available in the fourth quarter of 2022.
After spy photos of XPeng Motors' new mid-size SUV were revealed in late July and late August, new photos as well as specs have been revealed showing more details of the model.
According to Weibo user, the car, which is based on XPeng's Edward platform like the P7 sedan, could be called XPeng G9 and could go on sale in the fourth quarter of 2022.
The car's wheelbase is between 3,050-3,100mm, longer than the NIO ES8 and Li Auto's Li ONE. But the car could be less than 5 meters long, possibly slightly shorter than the latter two, according to the blogger.
It is not certain if the car will have a third row of seats, the blogger said.
It has a full glass roof, similar to a Tesla. It features bezel-less doors as well as hidden door handles, according to the blogger.
In terms of body materials, the model uses a lot of aluminum, involving the front hatch, front and rear doors, and the front bumper.
The model comes with an advanced autonomous driving system and LiDAR with XPILOT 4.0 support, the blogger said, adding that the layout of its LiDAR seems to indicate that the supplier is still Livox, incubated by drone maker DJI.
Its price could lie in the CNY 300,000 (USD 46,600) to 400,000 range, between the XPeng P7, which starts at CNY 229,900, and the P7 Wing edition, which costs CNY 409,900, the blogger said.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
Xpeng
XPeng Launches P5 Sedan with Starting Price around USD 24,500The company has secured a supply partnership with SK Innovation (SKI), a South Korean power battery supplier, which will provide it with high nickel-based Li-ion batteries with 80% nickel content.
After two months of pre-sales, XPeng Motors' new sedan, the P5, officially went on sale on September 15 at prices several thousand CNY lower than the pre-sale prices.
XPeng announced at a press conference on Wednesday that the P5 is immediately available for order in China in six configurations with a subsidized price range of CNY 157,900 (USD 24,500) to CNY 223,900, and deliveries will begin in late October.
The exact post-subsidy pricing for these models is as follows:
600P CNY 223,900
550P CNY 199,900
550E CNY 192,900
460E CNY 177,900
550G CNY 172,900
460G CNY 157,900
For comparison, XPeng's flagship sedan, the P7, has a starting price of CNY 229,900. The P5 went on pre-sale on July 17 with a price range of CNY 160,000 (USD 24,700) to CNY 230,000.
XPeng debuted a new naming scheme on the P5 model, with P representing the model's highest level of intelligence, followed by E and G. The numbers in the names of the different models represent their NEDC range.
The P series with the highest intelligence level offers 550 km and 600 km NEDC range options, while the E series and G series both offer 460 km and 550 km range options.
The battery for the 460 km range model is a lithium iron phosphate battery, while the 550 km and 600 km versions are ternary lithium batteries.
XPeng previously boasted that the P5 is the world's first LiDAR-equipped model, but it is worth noting that only the P Series is equipped with this component, while the E Series and G Series models are not equipped with LiDAR.
In terms of intelligent configuration, the P series comes with XPILOT 3.5 driver assistance system, the E series comes with XPILOT 3.0, while the G series does not offer this system.
The XPILOT 3.5 enables the extension of NGP (Navigation Guided Pilot) from highways to city roads.
The standard price of XPILOT 3.5 is CNY 45,000, and subscribers will be able to enjoy a limited-time discounted price of CNY 25,000 if they subscribe before delivery. The standard price for XPILOT 3.0 is CNY 36,000 and 20,000 if users subscribe before delivery.
The urban NGP will allow high precision navigation and assisted driving, adapted to China's challenging urban road conditions.
NGP will also be upgraded to NGP-L - a highway NGP with LiDAR - to enable safer and more capable assisted driving on China's highways and expressways, the company said.
XPeng's existing ACC and LCC systems will also be upgraded and enhanced to ACC-L and LCC-L status in P5, which incorporates LiDAR to enable P5 to identify congested vehicles earlier and stationary vehicles more accurately.
"With the P5, we have delivered a new level in sophistication and technological advancement for smart EVs in China, at a competitive price point," said He Xiaopeng, Chairman and CEO of XPeng.
"We believe this is an age of intelligence, and that intelligence will redefine mobility as a whole. Now we have made the best-in-class smart family sedan available at the CNY 200,000 price range, bringing some of the most advanced driver assistance functionality to China's vast and fast-growing middle-class consumer base," He said.
"We have drawn inspiration from customers' feedback, especially during the pandemic, and from the best models in the conventional family sedan and recreational vehicle (RV) class, while taking functionality and features to a whole new level," He added.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
XPeng Says Its Supercharging Stations Reach 400XPeng expects to expand its supercharging stations to dozens of cities, including Taiyuan, Tangshan, Nantong and Luoyang, within the next three months.
XPeng Motors said Tuesday it put 102 new supercharging stations into operation in August, bringing the total to 400, covering 101 cities in China.
Sixteen of those superchargers are located in highway service areas, bringing it to 27 superchargers in highway service areas, XPeng said.
The company added 36 new destination charging stations in August, bringing the total to 81, it said.
To date, the total number of XPeng-branded supercharging stations and third-party supercharging stations where users can enjoy a certain amount of free charging benefits is 1,596, the company said.
In comparison, XPeng's local counterpart NIO put 87 new battery swap stations into operation in August. It also added 56 supercharging stations and 73 destination charging stations in August.
In addition, NIO added one NIO House, 13 NIO Spaces, and three NIO Service Centers in August.
As of September 13, NIO had 445 battery swap stations, 300 fast charging stations, and 502 destination charging stations, according to CnEVPost database.
XPeng announced on July 12 that it is reducing the free charging allowance of 3,000 kWh per year offered to subscribers to 1,000 kWh per year as of August 1.
As XPeng customers continue to expand, the reduction in the free charging allowance is to ensure that the XPeng supercharging system can provide better and sustainable replenishment services to customers, the company explained, as quoted by sznews.com.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
Li Auto, XPeng, NIO Top Insurance RegistrationsThe NEV sales volume accounted for 17% of total new car sales in the month.
Li Auto had the highest number of insurance registrations among China's new car makers in August, with 9,394 units, according to a table released Saturday by Sina Auto based on data from the China Automotive Technology and Research Center (CATARC).
XPeng Motors came in second, with 6,945 insurance registrations in August, followed by NIO with 6,476.
Earlier this month, Li Auto released figures showing it delivered a record 9,433 Li ONEs, the company's only model, in August, up 248 percent year-over-year and up 9.8 percent from July.
XPeng said it delivered 7,214 vehicles in August, up 172 percent year-over-year but down 10 percent from July.
NIO said it delivered 5,880 vehicles in August, up 48 percent year-over-year and down about 26 percent from July.
The CATARC figures are based on insurance registrations for vehicles and are closer to true retail sales each month, as vehicles must have insurance in place and in effect before they can be licensed.
Neta Automobile ranked fourth with 6,038 insurance registrations in August. The company previously said it delivered 6,613 vehicles in August.
Leap Motor ranked fifth with 4,777 insurance registrations in August. The company previously said it delivered 4,488 vehicles in August.
WM Motor had 3,144 insurance registrations in August, the CATARC data show. It has not yet released sales figures for August.
Arcfox, the BAIC-owned EV brand, had 856 insurance registrations in August, compared with 642 for Seres, which sells cars in partnership with Huawei, 469 for HiPhi and 408 for Dongfeng Motor's premium EV brand Voyah.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
Double Bottom at XPeng Inc. (XPEV)The Chinese manufacturer of electric cars, which clearly, at least, look better than Tesla :)
On August 26, XPeng reported good revenue.
According to the technique, we have a beautiful double bottom, takeaway and at the moment accumulation, which is held from above by the resistance line.
The nearest target for the Fibonacci extension (and visually) is 59.06. You
can try to open a long position with a small volume now with an eye to averaging on support.
Or wait for the breakout of the trend line and still get a good movement up to 59.06 (~37%).
Xpeng Delivered Record 8,040 Vehicles in JulyThe company plans to have the P5 officially available in the third quarter of 2021, with deliveries expected in the fourth quarter of 2021.
XPeng Motors delivered 8,040 vehicles in July, its highest monthly delivery record, up 228 percent year-over-year and up 22 percent from June.
The company's flagship sedan, the P7, delivered 6,054 units in July, the highest monthly delivery record since its launch, XPeng's data released Monday showed. Cumulative deliveries of P7 reached 40,612 units since its launch in July 2020.
XPeng's compact SUV, the G3, delivered 1,986 units in July.
As of July 31, the company's total deliveries for the year reached 38,778 units, up 388 percent year-over-year.
XPeng previously said the P7 sedan with lithium iron phosphate (LFP) batteries has seen strong demand since its launch in March this year. Deliveries of the model began in May, with sales increasing 27 percent in that month compared to April.
In March, XPeng announced the launch of the P7 and G3 with LFP batteries, with deliveries of the former starting in May and the latter in April.
The new P7 is available in two variants a combined range of 480km.
The new P7 is equipped with Xmart OS in-vehicle intelligence system, with the lower-priced version equipped with XPILOT 2.5 + automatic driving assistance system, priced from CNY 229,900 (USD 35,600).
The higher-priced version is equipped with XPILOT 3.0 automatic driving assistance system, priced from CNY 239,900.
Together with the newly released model with LFP battery, the XPeng P7 is now available in four models: rear-wheel drive standard range, rear-wheel drive long-range, rear-wheel drive extra long range and four-wheel-drive high performance. Their price range covers CNY 229,900 to CNY 339,900.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
2022 Might Be a Winning Year for XpengOn July 7, 2021, the company was listed on the main board of the Hong Kong Stock Exchange under the code '9868.'
● We estimate Xpeng's 2022 revenue to show the value of the stock.
● The methodology includes the forecast of sales of P7, G3&G3i and the upcoming P5 and SUV models.
● The results indicate that the stock is currently fairly priced.
● Risks primarily come from supply chain and market regulation, but remain controllable.
With the current global chip shortage, most major auto OEMs have suffered from a lack of electronic supplies. Amid these concerns, China's EV sales are burgeoning, with light EV sales hitting 241,000, or 15% of total light vehicles sales in June, 2021. Among the country's EV pioneers, Xpeng (XPEV:NYSE) has recently presented some positive results: its half-year delivery number has surpassed last year's figure. This article presents a forecast of the company's EV sales in 2022 and evaluates its stock by analyzing each model of Xpeng and using the valuation multiples.
Model-level breakdown
● P7 is Xpeng's hit product. Simplifying the modelling, we project the sales of P7 to increase by 184, 100 and 50 units month-on-month until 2023; 184 is the average monthly increase since the model's launch, while the incremental decrease is due to the upcoming P5 and 2022 SUV models. The average selling price will be around CNY 250,000, the same as in 2020.
● G3&G3i are the oldest models of Xpeng. The updated version G3i transformed into a more unified family design and attracted more sales. We estimate G3 and G3i will keep lifting sales volume by 46 per month during the same period. The average selling price will be around CNY 150,000 per unit.
● P5 will shoulder the company's expectations to become a family sedan. We estimate P5's first-month delivery number in October will be at around 1,000, referring to P7's data. Then the delivery figure will increase by 143 units per month, of which 100 will be at the cost of P7 sales declining, as the two models compete with each other, and 43 is organic growth. Based on the official price starting from CNY 160,00 to 230,000, we predict the ASP will be at CNY 190,000.
● Xpeng is planning to launch a new SUV model. The SUV has a family design 'X' logo that brings its length to 4,800 mm. The car design shares the same platform as the P7, the Edward platform. In addition, it will be equipped with premium specifications like XPilot 4.0 and air suspension. Some industry experts predict the price will be around CNY 300,000. We assume Xpeng will finish its launch day by September 2022. The first-month sale will be 300 units, which will increase by 145 units per month similar to the sales trajectory of NIO's ES6.
● Apart from EV sales, other services will account for 5% of total revenue. The 2022 EV sales won't be significantly impacted by the chip shortage.
To sum up, Xpeng's 2022 revenue is projected to reach USD 4.3 billion (CNY 28 billion). Specifically, the company will sell 122,253 vehicles to make USD 4.1 billion topline, and USD 0.25 billion will be from other services. According to the Street's expectations, the stock is priced at 16, 8.8, 5.6, 4, 2.9 forward PS ratios by 2025. We select 9x as the 2022 multiples. Thus, the market cap will be USD 38.7 billion, around 10% up from the market cap on July 27, 2021.
Risks
Although the expectations for Xpeng are rather bright, the whole industry is facing the chip shortage problem – that is also the biggest threat to Xpeng. For NEV companies, production is challenging while orders are packed. Through our research, we found that most auto stakeholders in China expect the imbalance to last through 2021, affecting the global light-vehicle sales by 2.5-5.0%, but recover slightly in 2022.
The edtech sector's regulatory update drove the recent sell-off in Chinese concept stocks. However, this crackdown won't be a long-term issue for EV innovators like Xpeng. According to Bloomberg, the government's motivation is to cut family workloads to turn the declining birth rates up. On the other hand, the 'Made in China 2025' scheme supports EV development radically. So the policy will rather play a positive role in the new energy vehicle market in the long term.
Conclusion
Up to the present, Xpeng has been on the right track, leveraging business through unified family designs, new stores opening, capacity boost and charging facilities build-up. The company's 2022 revenue would be a realistic basis for stocks to start . The most significant potential risk at present is the capacity problem caused by supply chain shortages. Investors should keep an eye on this topic in the company's upcoming Q2 earnings conference.
2022 Might Be a Winning Year for Xpeng – and the Stock Is FinallOn July 7, 2021, the company was listed on the main board of the Hong Kong Stock Exchange under the code '9868.'
We estimate Xpeng's 2022 revenue to show the value of the stock.
The methodology includes the forecast of sales of P7, G3&G3i and the upcoming P5 and SUV models.
The results indicate that the stock is currently fairly priced
Risks primarily come from supply chain and market regulation but remain controllable.
With the current global chip shortage, most major auto OEMs have suffered from a lack of electronic supplies. Amid these concerns, China's EV sales are burgeoning, with light EV sales hitting 241,000, or 15% of total light vehicles sales in June, 2021. Among the country's EV pioneers, Xpeng (XPEV:NYSE) has recently presented some positive results: its half-year delivery number has surpassed last year's figure. This article presents a forecast of the company's EV sales in 2022 and evaluates its stock by analyzing each model of Xpeng and using the valuation multiples.
Model-level breakdown
P7 is Xpeng's hit product. Simplifying the modelling, we project the sales of P7 to increase by 184, 100 and 50 units month-on-month until 2023; 184 is the average monthly increase since the model's launch, while the incremental decrease is due to the upcoming P5 and 2022 SUV models. The average selling price will be around CNY 250,000, the same as in 2020.
G3&G3i are the oldest models of Xpeng. The updated version G3i transformed into a more unified family design and attracted more sales. We estimate G3 and G3i will keep lifting sales volume by 46 per month during the same period. The average selling price will be around CNY 150,000 per unit.
P5 will shoulder the company's expectations to become a family sedan. We estimate P5's first-month delivery number in October will be at around 1,000, referring to P7's data. Then the delivery figure will increase by 143 units per month, of which 100 will be at the cost of P7 sales declining, as the two models compete with each other, and 43 is organic growth. Based on the official price starting from CNY 160,00 to 230,000, we predict the ASP will be at CNY 190,000.
Xpeng is planning to launch a new SUV model. The SUV has a family design 'X' logo that brings its length to 4,800 mm. The car design shares the same platform as the P7, the Edward platform. In addition, it will be equipped with premium specifications like XPilot 4.0 and air suspension. Some industry experts predict the price will be around CNY 300,000. We assume Xpeng will finish its launch day by September 2022. The first-month sale will be 300 units, which will increase by 145 units per month similar to the sales trajectory of NIO's ES6.
Apart from EV sales, other services will account for 5% of total revenue. The 2022 EV sales won't be significantly impacted by the chip shortage.
To sum up, Xpeng's 2022 revenue is projected to reach USD 4.3 billion (CNY 28 billion). Specifically, the company will sell 122,253 vehicles to make USD 4.1 billion topline, and USD 0.25 billion will be from other services. According to the Street's expectations, the stock is priced at 16, 8.8, 5.6, 4, 2.9 forward PS ratios by 2025. We select 9x as the 2022 multiples. Thus, the market cap will be USD 38.7 billion, around 10% up from the market cap on July 27, 2021.
Risks
Although the expectations for Xpeng are rather bright, the whole industry is facing the chip shortage problem – that is also the biggest threat to Xpeng. For NEV companies, production is challenging while orders are packed. Through our research, we found that most auto stakeholders in China expect the imbalance to last through 2021, affecting the global light-vehicle sales by 2.5-5.0%, but recover slightly in 2022.
The edtech sector's regulatory update drove the recent sell-off in Chinese concept stocks. However, this crackdown won't be a long-term issue for EV innovators like Xpeng. According to Bloomberg, the government's motivation is to cut family workloads to turn the declining birth rates up. On the other hand, the 'Made in China 2025' scheme supports EV development radically. So the policy will rather play a positive role in the new energy vehicle market in the long term.
Conclusion
Up to the present, Xpeng has been on the right track, leveraging business through unified family designs, new stores opening, capacity boost and charging facilities build-up. The company's 2022 revenue would be a realistic basis for stocks to start. The most significant potential risk at present is the capacity problem caused by supply chain shortages. Investors should keep an eye on this topic in the company's upcoming Q2 earnings conference.
For the full article with the charts, please visit the original link.
XPEV price targetsEven though i consider XPEV to be the real Tesla of China, because of the cheaper cars and the technology "stolen" from Tesla, i still think it will revisit the 29usd support short term.
Remember that this is not a profitable company and is still dependent on raising capital for its cars.
in 2020 XPEV revenue was 5.84B, but the Earnings were negative, -2.73B. They also missed the Q3 and Q4 earnings estimates last year.
Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks!
ARK Invest dumps Chinese stocks.
It seems dangerous to hold Chinese stocks right now.
US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted.
This looks like the beginning of China`s stock market crash.
I`m looking forward to read your opinion about this!
As requested, I'll analyze XPEV today! 👍As @ asadi2 requested, let's see how XPEV is doing!
Yes, XPEV looks interesting, but there a few things that we should be aware of!
Yes, we have a pivot at 41.13, that if broken, could make XPEV fly to the 43 in the blink of an eye.
But in the 4h chart we have a RSI divergence, and an advanced breakdown. These patterns aren’t confirmed yet, but they will be if XPEV loses today’s low: 38.70.
If this happens, then I see XPEV at least at 35, which is the 38.2% fibs retracement and the 20ma area in the daily chart.
We also have a weird divergence in the daily chart too, so be careful!
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
Xpeng: Is now the time? 🤑🤑🤑A lot of you have asked for an update of our Xpeng analysis. With the ongoing testing oo the resistance at $37.50, we are at a crucial stage of the price development. If the price is able to hold this level now, we believe that the way is paved for a strong bullish run. Also, we have adapted our price target for wave 3 in green, as we set it to $109.25 - $118.93. So, the expectation is still extremely bullish, but it remains to be seen whether we can stay above $37.50.
Don’t miss this chance!
XPENG INC.Wednesday, 9 June 2021
9:33 AM (WIB)
GUANGZHOU, China — Electric carmaker Xpeng Motors has got a new round of investment from the government of the southern Chinese province of Guangdong.
The 500 million yuan ($76.9 million) funding from Guangdong Yuecai Investment Holdings Co., the province’s investment arm, will be used to “accelerate the company’s business expansion,” Xpeng said in a statement.
Xpeng is headquartered in Guangzhou, the capital of Guangdong province. The region has been putting a focus on new energy vehicles and autonomous driving. Warren Buffett-backed electric carmaker BYD is based in Shenzhen, the tech powerhouse in Guangdong. And autonomous driving start-ups such as PonyAi, WeRide and AutoX are all based in the province.
The investment will help to accelerate the “automobile industry’s strategic transition in Guangdong,” Xpeng said in a press release.
Since its $1.5 billion U.S. initial public offering in August 2020, Xpeng has continued to raise money to fuel its growth, ramp up production and battle against domestic rivals as well as Tesla. In September, Xpeng received 4 billion yuan in financing from an arm of the Guangzhou government. In January 2021, the company secured a credit line of 12.8 billion yuan from major state-owned banks.
The company has been focusing on building its manufacturing base with two wholly-owned factories — one in Zhaoqing and another currently under construction in Guangzhou.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
Chinese EV Stock Xpeng XPEV Has A Bullish PotentialXpeng XPEV violated the downward trend line with a bullish strength and momentum.
XPEV could target $34.40 and $41.80 consecutively according to Fibonacci retracement levels.
Xpeng has underperformed this year, with its stocks down by roughly 30% each, since early January.
The Chinese electric vehicle (EV) space is booming, with China-based manufacturers accounting for over 50% of global EV deliveries.