XPeng Inc NYSE:XPEV Price, Chart, News & Insight

XPeng Stock Falls 2.9% as UBS Starts Coverage With Neutral Rating

XPeng (NYSE: XPEV) shares fell 2.9% to $10.62 on Wednesday as UBS initiated coverage of the Chinese electric-vehicle maker with a Neutral rating.

UBS set a $12 price target on XPeng, implying approximately 13% upside from the stock price shown.

The Neutral rating suggests UBS sees limited near-term upside despite setting its target above the current share price. The coverage comes as investors continue to assess XPeng’s growth prospects amid intense competition and pricing pressure across China’s electric-vehicle market.

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WS Investor 09-09-26

XPeng Falls 2.5% Premarket as Q2 Loss Widens Despite Strong Revenue Growth

XPeng (NYSE: XPEV) shares fell about 2.5% in premarket trading Monday after the Chinese EV maker reported second-quarter 2026 results showing a sharp sequential recovery in revenue and stronger gross margins, but a substantially wider loss compared with a year earlier.

XPeng generated RMB19.74 billion ($2.91 billion) in quarterly revenue, up 8% year over year and 51.5% from the first quarter. Vehicle revenue increased just 1% year over year to RMB17.05 billion despite the strong sequential improvement. Deliveries totaled 103,295 vehicles, essentially unchanged from 103,181 a year earlier.

Wider losses weigh on shares

The likely source of the negative market reaction is profitability. XPeng reported a net loss of RMB1.34 billion ($200 million), nearly three times the RMB480 million loss recorded a year earlier, although it improved considerably from the RMB1.78 billion loss in Q1.

Non-GAAP net loss similarly widened to RMB1.24 billion from RMB390 million a year earlier. Loss per ADS was RMB1.40, compared with RMB0.50 in Q2 2025.

Expenses remain elevated as XPeng invests heavily in new models and artificial intelligence. R&D spending increased 32.1% year over year to RMB2.91 billion, largely reflecting development spending on new vehicles and AI-related technologies. SG&A expenses increased 15.2% to RMB2.50 billion.

Margins provide an important positive

There were nevertheless encouraging signs. Gross margin improved to 20.7% from 17.3% a year earlier and was roughly stable compared with 20.6% in Q1. However, vehicle margin fell to 12.1% from 14.3% a year ago, with XPeng attributing the decline to its product-generation transition.

The divergence is important: XPeng's overall margin improvement was helped by its rapidly growing, high-margin services and other business rather than stronger vehicle economics alone. Services and other revenue jumped 93.9% year over year, while that segment's margin reached 75.1%.

Q3 outlook points to sequential growth

XPeng expects third-quarter deliveries of 115,000–121,000 vehicles, representing roughly an 11%–17% sequential increase. Revenue is projected at RMB21.7 billion–RMB23.4 billion, implying approximately 10%–19% sequential growth.

The roughly 2.5% premarket decline therefore appears to reflect a mixed earnings reaction. Strong sequential revenue growth, improving gross margins and a solid Q3 outlook are positives, but investors appear more concerned about the near-tripling of the year-over-year net loss, stagnant annual vehicle deliveries and weaker vehicle margins as XPeng continues spending aggressively on new products and physical AI.

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The Investor 08-24-26

Volkswagen Group announced that the first vehicle jointly developed with Chinese electric vehicle maker XPENG has entered series production in China.

The all-electric SUV, called the ID*UNYX 08, is now rolling off the production line at Volkswagen Anhui’s plant in Hefei. Developed in about 24 months under Volkswagen’s “In China, for China” strategy, the model is designed specifically for the Chinese market and features advanced technologies such as 800-volt ultra-fast charging, Level-2 advanced driver assistance systems, and over-the-air software updates.

The launch marks a key milestone in Volkswagen’s partnership with XPENG, which began in 2023 to jointly develop electric vehicles and technology. The ID*UNYX 08 is expected to reach the market in the first half of 2026, as part of Volkswagen’s broader plan to introduce more than 20 locally developed new energy vehicle models in China this year.

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The Investor 03-13-26

For the week ending January 19, China reported EV insurance registrations for various brands, with BYD leading the market at 55,000 units, followed by Tesla at 10,000. Li Auto and Xpeng recorded 9,500 and 9,400 registrations, respectively, while Xiaomi saw 5,600 units and Leapmotor registered 7,000. Zeekr and Aito trailed with 3,600 and 6,100 registrations.

Nio reported 4,700 total sales last week, a 145.7% year-on-year increase. Within this, the Nio brand accounted for 2,836 registrations, and its sub-brand Onvo contributed 1,913 units.

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WS News 01-21-25

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