Xpeng shares rise, adding to 66% rally after the Chinese EV maker's losses narrowed
The stock had pared gains to rise 5.23% at 12:44 p.m. London time.
Here's how Xpeng did in the first quarter versus LSEG estimates:
Xpeng said it anticipates second-quarter revenue will come in between 17.5 billion yuan and 18.7 billion yuan, which was also surpassed consensus estimates.
The Guangzhou-headquartered firm also said it expects to deliver between 102,000 and 108,000 of its electric cars in the second quarter of this year, representing a year-over-year increase of around 237.7% to 257.5%.
Xpeng delivered 94,008 in the first three months of this year.
The company contended with a difficult 2023, when it faced slowing growth and mounting losses because of rising competition in China's electric vehicle market and increasing economic uncertainty in its home market.
But the company has been aggressive with new products, launching a mass market car last year and a refreshed version of its flagship X9 in April in 2025, helping to improve its fortunes over the last 18 months or so.
That, along with strong deliveries this year, has helped fuel a 66% year-to-date rally in its share price, which has finally helped lift its stock above the $15 per share price that it went public with in 2020. Still, the stock is well off its record high of more than $50 per share hit in October 2021.
Xpeng is now facing an even bigger raft of competition from new entrants like Xiaomi and from incumbents like BYD.
Still, the company is maintaining momentum. Xpeng delivered 35,045 electric vehicles in April, sustaining its record of putting out more than 30,000 vehicles for the sixth consecutive month.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hill
9 minutes ago
- The Hill
Trump eyes Intel stake
Lutnick indicated the money for the stake would come from previously allocated Biden-era funding. Media reports have suggested the government is considering a 10 percent stake using CHIPS and Science Act grants. 'The president figures out that we should get, America should get the benefit of the bargain,' he told CNBC's 'Squawk Box.' 'I mean, that is exactly Donald Trump's perspective, which is, why are we giving a company worth $100 billion this kind of money?' he continued. 'What is in it for the American taxpayer? And the answer Donald Trump has is we should get an equity state for our money.' 'So we'll deliver the money which was already committed under the Biden administration,' Lutnick added. 'We'll get equity in return for it, get a good return for the American taxpayer instead of just giving grants away.' The Commerce secretary's comments come just less than two weeks after President Trump called on Intel CEO Lip-Bu Tan to resign. The president accused Tan of being 'highly conflicted' following Sen. Tom Cotton's (R-Ark.) letter to the company, voicing concerns about the CEO's investments in Chinese companies and his previous role at Cadence Design Systems. The software firm recently pleaded guilty to violating export controls by selling chip design technology to a Chinese military university during Tan's tenure. However, Trump changed his tone after meeting with Tan last week, and reports began emerging that the administration was considering taking a stake in the company. 'The meeting was a very interesting one. His success and rise is an amazing story,' Trump said in a post on Truth Social. 'Mr. Tan and my Cabinet members are going to spend time together, and bring suggestions to me during the next week.'
Yahoo
an hour ago
- Yahoo
As SoFi Launches International Money Transfer Services, How Should You Play SOFI Stock?
SoFi Technologies (SOFI) remains in focus this morning after announcing plans of introducing an international money transfer service by the end of this year. The financial technology company will use the Bitcoin Lightning Network to enable customers to make cross-border transactions online via its app at a much lower fees than conventional bank transfers. More News from Barchart Trade the Warren Buffett Rally in UnitedHealth Stock With This High-Reward, Low-Risk Options Strategy Apple Expects $1.1 Billion Tariff Hit in 4th Quarter After $800 Million Q3 Hit; CEO Tim Cook Warns 'Many Factors That Could Change' Cathie Wood Is Buying BLSH Stock After the Bullish IPO. Should You? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. SoFi stock has pushed explosively to the upside over the past four months. At the time of writing, it's up roughly 170% versus its low set in the first week of April. Significance of the Expected Launch for SoFi Stock The planned launch of international money transfer services is constructive for SOFI shares since it makes the Nasdaq-listed firm the first U.S. bank to offer blockchain-enabled remittances. Undercutting traditional banks and remittance providers positions SoFi Technologies as the fintech leader in digital payments. Additionally, the expected offering sidesteps new remittance taxes under Section 4475, effectively giving the Santa Clara-headquartered company a regulatory edge over its traditional rivals as well. In short, as demand for low-cost real-time cross-border transfers grows, this innovation could drive user growth, boost engagement, and strengthen SoFi stock's competitive moat in financial services. William Blair Expects SOFI Shares to Rip Higher From Here William Blair's senior analyst Andrew Jeffrey continues to recommend sticking with SoFi shares even though they have already experienced a meteoric rally in 2025. The financial services firm is disrupting digital banking to an extent and at a speed that isn't fully reflected in its valuation, he told clients in a research note last week. Jeffrey remains positive on SOFI stock also because he expects the fintech to 'rapidly' steal share from traditional banks as it expands the multitude of its offerings over time. His 2026 estimates translate roughly to a $30 share price, indicating potential upside of another 30% from here. Wall Street Recommends Caution on SoFi Technologies Investors should note, however, that not everyone on Wall Street is as constructive on SoFi shares as William Blair. According to Barchart, the consensus rating on SOFI stock sits at 'Hold' only with the mean target of roughly $19 indicating potential downside of some 18% from current levels. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
an hour ago
- Yahoo
World's first robot ‘could give birth to human baby'
The world's first humanoid robot surrogate could give birth to a live baby, scientists have claimed. Experts are developing technology that will mimic a pregnancy from conception to delivery, with the infant growing inside an artificial womb and receiving nutrients through a tube. After nine months, a live baby will be born, according to Dr Zhang Qifeng, who founded the company Kaiwa Technology, in the city of Guangzhou. Dr Zhang, a PHD graduate from Nanyang Technological University in Singapore, has claimed the technology is already in a 'mature stage'. He added: 'Now it needs to be implanted in the robot's abdomen so that a real person and the robot can interact to achieve pregnancy, allowing the fetus to grow inside'. A prototype of the humanoid is set to be sold for around £10,000 (100,000 yuan) next year. Reports in the Chinese media said that the humanoid has been designed to mimic the entire process of pregnancy, from the moment of conception to birth. However, the specifics on exactly how the egg and sperm are fertilised are currently unclear. For the entire gestation period, the infant will live inside the robot's body, although experts have not yet stated how the foetus will be implanted in the tech womb. The developing babies will be surrounded by artificial amniotic fluid to create a womb-like environment. Dr Zhang said the technology is not an entirely new concept, as scientists in the past have successfully kept premature lambs alive inside a 'biobag' for weeks. The innovation has already prompted a legal and ethical debate. Dr Zhang said he had already been in talks with Guangdong Province authorities to prepare drafts for policy and legislation. If successful, the science could revolutionise medical science and our notions of family and fertility. The humanoid could be seen as a tool to tackle rising rates of infertility in China, which has gone up from 11.9 per cent in 2007 to 18 per cent in 2020. 'Problematic' technology But some critics have condemned the 'problematic' technology, arguing that depriving a foetus of maternal connection is unethical and cruel. Chinese News outlet The Standard reported that some medical experts are sceptical over the technology's ability to replicate human gestation. The experts have allegedly stated that complex biological processes, such as maternal hormone secretion, cannot be duplicated by science. Andrea Dworkin, the radical feminist writer, has previously hit out at artificial womb technology for fears that it would result in 'the end of women'. Researchers from The Children's Hospital of Philadelphia published an article in 2022 in which they said that such technology might 'pathologise' pregnancy. However, some argue that artificial wombs could liberate women from pregnancy risks so that they would no longer have to endure the physical burden of carrying a baby.
