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XPEV

XPeng Q2 Earnings Analysis: Strong Growth in DeliveriesOverview of XPeng’s Q2 Performance Chinese electric vehicle (EV) maker XPeng Inc. (NYSE: NYSE:XPEV ) has delivered a solid performance in its fiscal second quarter of 2024, demonstrating significant growth in vehicle deliveries and revenue, though falling short of some analyst estimates. The company's revenue surged by 60.2% year-over-year (YoY) to ¥8.11 billion (approximately $1.12 billion). However, this was slightly below the consensus estimate of ¥8.21 billion ($1.13 billion). Despite this, XPeng's performance is noteworthy, particularly when considering the broader challenges in the EV market. Vehicle Deliveries and Network Expansion XPeng (NYSE: NYSE:XPEV ) achieved a notable 30.2% increase in vehicle deliveries compared to the same period last year, delivering a total of 30,207 vehicles in Q2 2024. This growth reflects the company's successful efforts in expanding its product offerings and scaling up its production capabilities. The company’s physical sales network also expanded significantly, reaching 611 stores across 185 cities by the end of June 2024. Additionally, XPeng’s charging infrastructure has grown to include 1,298 stations, underscoring the company’s commitment to enhancing the customer experience and supporting the widespread adoption of EVs. Financial Performance and Margin Improvements XPeng’s financial results for Q2 2024 showed substantial improvements in profitability metrics, particularly in its gross margin and vehicle margin. The gross margin improved to 14.0%, a significant turnaround from a negative 3.9% in the same period last year. This improvement can be attributed to cost reductions and a more favorable product mix, which have also positively impacted the vehicle margin, rising to 6.4% from a negative 8.6% in Q2 2023. Despite these gains, XPeng (NYSE: NYSE:XPEV ) reported an adjusted net loss per American Depositary Share (ADS) of ¥1.29 (approximately $0.18), slightly missing analyst expectations. This ongoing loss highlights the challenges XPeng faces in achieving profitability amidst a competitive market and macroeconomic headwinds. Strategic Partnership with Volkswagen A key highlight for XPeng (NYSE: NYSE:XPEV ) in this quarter was the strengthening of its strategic partnership with Volkswagen. This collaboration, which involves technical cooperation, has started to bear fruit, contributing to the company’s improved gross margin. According to XPeng’s leadership, this partnership is expected to drive further cost efficiencies and product innovations, bolstering the company's position in the EV market. Outlook and Future Prospects Looking ahead, XPeng (NYSE: NYSE:XPEV ) has a robust pipeline of new models and facelift versions slated for launch over the next three years, starting with the introduction of the MONA M03 in August. This strong product cycle is expected to drive further growth in vehicle deliveries and revenues. For the third quarter of 2024, XPeng (NYSE: NYSE:XPEV ) has provided a guidance of 41,000 to 45,000 vehicle deliveries, representing a YoY increase of 2.5% to 12.5%. The company also expects Q3 revenue to range between ¥9.1 billion and ¥9.8 billion, indicating a YoY growth of 6.7% to 14.9%. Conclusion XPeng’s Q2 2024 results highlights the company’s resilience and strategic progress in the highly competitive EV market. With strong delivery growth, improved margins, and a promising partnership with Volkswagen, XPeng is well-positioned for future success. However, the company must continue to navigate the challenges posed by domestic and international market pressures, including a price war in China and protectionist tariffs from the U.S. and EU.
NYSE:XPEVLong
by DEXWireNews
4
NIO ? Are traders ready to love it again LONGNIO on the daily is 95% below its ATH Winter of 2021 and 50% lower YTD. In China NIO is competing well with XPEV, LI , BYD and TSLA while it makes further penetrative into the EU market. Its unique concept in action is battery leasing and battery swapping making charging time no longer relevant. Apparently, the battery swapping time from a depleted battery to one carrying a charge is 15-20 minutes. Being a bottom-seeking bargain hunter quite often, I will take a long trade here with a planned duration of two earnings periods.
NYSE:NIOLong
by AwesomeAvani
XPeng Faced With Staffing Adjustments and Leadership ShiftsXPeng ( NYSE:XPEV ), an electric vehicle manufacturer, is facing challenges in transitioning to a dealer-dependent sales model due to staffing adjustments and leadership shifts. Gu Yuanqin, former XPeng vice president of financial platform operations and management, has taken over as head of sales, taking over the duties of previous head of sales Wang Tong. Gu has contributed to the development of Xpeng's lane-level navigation and positioning system at his former company. Wang, who oversaw key account sales operations, assumed leadership of sales after the merger of Xpeng's direct and distribution systems in 2023. XPeng previously attempted to boost sales by implementing sales channel adjustments, such as mandating dealers to acquire a specific number of vehicles monthly. However, this strategy is encountering obstacles. XPeng's initial sales model was managed directly by its initial 20 stores. Yu Tao, currently the head of marketing for Oppo's OnePlus brand, is expected to join XPeng as its vice president of marketing soon. Yu will oversee marketing, public relations, and communications, reporting directly to President Wang Fengying. XPeng aims to sell 280,000 units this year, which requires an average of over 30,000 units per month for the remainder of the year. Stock Performance XPeng ( NYSE:XPEV ) closed Fridays' trading session up 1.23% trading with a Relative Strength Index (RSI) of 49.86 which is quite prime for further surge henceforth.
NYSE:XPEVLong
by DEXWireNews
1
XPeng Stock Soars 6% on Earnings Reports XPeng ( NYSE:XPEV ), a Chinese electric vehicle (EV) maker that focuses on artificial intelligence (AI) technology, reported better-than-expected results as deliveries of its electric vehicles jumped. The company's loss was slashed in half, and revenue was up 62.3% year-over-year. Delivery increases increased 19.7% due to lower prices and the launch of a new model. American depositary receipts (ADRs) of XPeng ( NYSE:XPEV ) surged after the company posted strong sales and slashed its losses on higher deliveries. XPeng ( NYSE:XPEV ) reported a first-quarter loss of 1.37 billion Chinese yuan ($190 million), about a billion yuan less than a year ago. Adjusted loss per American depositary share (ADS) of CNY1.49 was narrower than estimates. Revenue soared 62.3% to CNY6.55 billion, also better than forecasts. Gross margin skyrocketed to 12.9% from 1.7% a year ago. Vehicle deliveries were up 19.7% year-over-year to 21,821, helped by a March price cut and the introduction of its X9 model during the quarter. Co-President Dr. Hongdi Brian Gu said that the performance came “despite fierce market competition,” arguing that the company “has developed a unique approach to lift its profitability and international market potential by providing smart technologies.” XPeng ( NYSE:XPEV ) expects current-quarter deliveries of 29,000 to 32,000, representing a 25.0% to 37.9% increase from a year earlier. It sees revenue in a range of CNY7.5 billion to CNY8.3 billion, a jump of 48.1% to 63.9% from Q2 2023. XPeng ADRs ( NYSE:XPEV ) shares surged 8% to $8.77 as of the time of writing but have lost more than a third of their value this year.
NYSE:XPEVLong
by DEXWireNews
1
NIO Long on Disappointing EarningsNIO's disappointing earnings were not a surprise. Given the context of China's recession, NIO did better than many expected. TSLA is down as well. NIO is doing as well as most of its peers. On the 120 minute chart, NIO is down 60% from the end of the year highs. The RSI indicator confirms that NIO is in oversold undervalued territory. NIO is at the bottom of the high volume area of the profile and has been trending down with the first lower VWAP line as resistance. I see NIO as likely to trend up as the China economy improves and for that to be reflected in the next earnings report. NIO's innovative battery swapping program where the car owner buys a car without a battery and is able to swap out an energy depleted battery for a freshly charged one in 3 minutes at any of the NIO owned battery stations as a way for NIO to excel no matter competition from the others in China including TSLA. NIO is now selling cars in Scandinavia which should serve as steeping stone to further expansion in Europe.
NYSE:NIOLong
by AwesomeAvani
TSLA to NIO market cap comparisonOn a down market day I decided to look at the comparision of market cap between TSLA and NIO by a share price ratio basis. On the daily chart, albeit with fluctuations, TSLA is continuously gaining market cap compared with NIO. This ratio allows for a tool to help decide whether to buy TSLA or NIO. In short, TSLA is a buy at the low pivots of the ratio, while NIO is the buy at the high pivots which is right now. Conversely, TSLA is a sell or short at the high pivots while NIO is a sell at the low pivots. The trade right now is sell TSLA to decrease the position and use the proceeds to buy NIO either in bulk or in increments to average in.
NASDAQ:TSLA
by AwesomeAvani
UCAR a penny China stock now at bottom 300X upside LONGUCAR, a NASDAQ penny stock and a Chinese auto dealership enterprise is experiencing a huge relative volume spike. UCAR had a great week in very active trading. Now priced at about 0.07 per share, my near term target is 1.58 representing a consolidation pivot on the chart. The all time high is the is 300X upside more or less. This is a risky play. It could get delisted although NASDAQ will give it some more quarterly reports to make a case for regulatory compliance and stock price stability I will take a small position here given the risk. Warren Buffet got in on the cheap with BYD over the counter, he has been massively rewarded for his very large position. Retail traders can make good profits with undervalued penny stocks. I think that this right now is one of them. I will use a zig zag strategy to take profits at high pivots and add into the position at low pivots along the way.
NASDAQ:UCARLong
by AwesomeAvani
2
XPeng G9 SUV earns 5-star safety rating from Euro NCAPChinese electric vehicle maker, XPeng Motors (NYSE:XPEV) announced Wednesday that the international model of their XPeng G9 SUV has received a five-star 2023 safety rating from Euro NCAP. The five-star safety rating system by Euro NCAP is designed to assist consumers, families, and businesses in easily comparing vehicles and selecting the safest option suited to their requirements. These tests, mirroring real-life road dangers, set the benchmark in Europe for thorough automotive safety evaluations. The XPeng G9's rating acknowledges its advanced body structure and extensive passive safety features, specifically engineered to safeguard passengers during collisions. These innovations collaborate to handle crash forces, diminish impact acceleration, and decrease the likelihood of injuries to occupants. This achievement follows XPeng's five-star safety rating for the international model of the XPeng P7 in October, marking their second five-star rating this year. Technical Analysis Shares of XPEV are up 4.26% in mid-day trading. The earnings estimate for the current quarter (Dec 2023) is -$0.46 per share, which is lower than the actual earnings of -$0.39 per share in the same quarter last year3. The revenue estimate for the current quarter is $1.89 billion, which is more than double the actual revenue of $733.4 million in the same quarter last year. The growth estimates for XPEV are negative, with a projected decline of -7.5% in earnings for the current year (2023) and a projected decline of -5.74% in earnings for the next five years (per annum). XPEV is facing some challenges in the market, despite its strong revenue growth. The stock price may continue to fluctuate in the near term, depending on the company’s performance and the market sentiment.
NYSE:XPEVLong
by DEXWireNews
Is XPEV making a move higher ? LONGXPEV on the 2H chart had a summer peak with the announcement of the collaboration with VW which then ran into quicksand. Price fell down to the support and demand zone and now appears to be rising despite a miss on the earnings report. It seems that with the US markets in quagmire, some investors and traders are diversifying offshore. XPEV, NIO, BABA and BIDU may be benefiting. XPEC seems to have a good RS profile with the lower time frame above the higher time frame and both of the above the 50 level. I will look for a long swing trade entry on the 15-30 minute time frames targeting a price of 22 for a 25% return
NYSE:XPEVLong
by AwesomeAvani
1
NIO finishing a Fib Retracement Ready to Continue LONGNIO on the 4H chart was on an uptrend into a double top in late July and Early Augus. This was confluent with the second upper deviation line above the mean anchored VWAP line which is thick black. Now on the retracement price has hit the mid-Fibonacci levels of 0.38-0.5-0.62. The MACD is sowing an early buy signal with a line cross under the histogram. I see this as a long trade on continuation with some early bullish divergence with a the potential upside of 20% back to the VWAP lines whose resistance forced the double top. I will put this on my China watchlist watching for the pivot low from which to enter.
NYSE:NIOLong
by AwesomeAvani
3
TSLA - Rising Trend Channel [MID-TERM]🔹Rising trend breaking downwards in medium long term. 🔹Currently testing support at 210, which could potentially signal a POSITIVE reaction, but a downward breakthrough could indicate a NEGATIVE signal. 🔹Low RSI indicate oversold and potential rebound reaction. 🔹Technically POSITIVE for the medium long term. Chart Pattern: 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:TSLALong
by wavepoint99
XPEVXPEV a few weeks back had the hype and excitement of the VW deal marked on the 1H chart as a head and shoulders from which it has falled onto a thick support and demand zone at the present. The ZL MACD indicator shows a line cross under the histogram which has went red to green. On the dual TF RS indicator the greenlower TF has crossed above the black higher TF and they are both rising reflecting two green candles marking a reversal. I will get in this long trade early an plan to get 16-18% out of it.
NYSE:XPEVLong
by AwesomeAvani
XPEV collaborating with VW = China EV on fire !XPEV is trending up. It is Chinese in the biggest EV market on the planet. No import duties. Low-interest rates on debt and consumer auto loans here as the government is doing the opposite as the US fed. Now the collaboration with VW which has legacy excellence in manufacturing with XPEV whose forte may be technology and autonomous driving innovation. On the 2H chart, the stock price jumped fast and hard on the news catalyst. The MACD launched signals over the histogram and the Volume Price Trend screamed higher. This all spells momentum. While there is a risk of a downfall reversal and drop as they saying goes make hay while the sun shines. There may be shadows of short selling squeezing here. Time will tell. For sure being late to the party is sometimes a waste of time. The real show will be watching XPEV/ VW competing with both NIO and TSLA in China. To the victor goes the spoils. Hold on as the ride will have some bumps.
NYSE:XPEVLong
by AwesomeAvani
1
LI , a Chinese EV manufacturer LONGLI has seen a 60% price rise since significantly beating the earnings estimates of the analysts. LI competes with TSLA and NIO primarily in Chinese and perhaps a little in Scandinavia. It does not import to North America. The 2H chart shows price rising consistently in a channel between the first and second standard deviation lines above the mean anchored VWAP demonstrating trend persistence and momentum. The zero-lag MACD shows a line cross at the zero horizontal line and rising as confirmation of bullish momentum. I see $40 as a reasonable target at the level of the 3rd upper standard deviation lines. With the next earnings report due August 21st, I will take a long trade of ten call options striking $38.00 expiring 8/18/23. On the last trading day, this option had a low of $1.75 and a high of $1.90 for an intraday rise of about 8%. The contracts will cost about $1900. I am expecting about a 3% average rise compounded over 30 trading days or 250% return on the trade.
NASDAQ:LILong
by AwesomeAvani