Advanced Analysis Free Trading Signals Real Time Alerts

XPeng (XPEV) Stock Climbs As Deliveries Rise

Practice Stock Trading Your capital is at risk
Updated: 1 Jun 2021

XPeng's (NYSE: XPEV) share price is gaining premarket after the company reported another gain in its deliveries. 

The Chinese electric vehicle manufacturer delivered 5,686 Smart EVs in May, representing a 483% increase year-over-year and a 10% increase over last month's 5,147 deliveries. 

NIO Stock Rises Premarket Despite Fall In Deliveries

new-recommended-broker-banner

The deliveries consisted of 3,797 P7s, the company’s sports sedan, and 1,889 G3s, its compact SUV. As of May 31, year-to-date total deliveries reached 24,173 units, representing a 427% increase year-over-year.

The number of P7s delivered reached a record high for the company in May, which XPeng said demonstrates “the strong customer appeal of XPeng’s market-leading smart features,” including the XPILOT 3.0 and its Navigation Guided Pilot (NGP) highway solutions.

Last week Nomura analyst, Martin Heung, initiated XPeng with a Buy rating, setting a $47 price target. 

Its share price premarket is at $33.80, up 5.2%.

Should You Invest in XPeng Shares?

One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 68 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .