Latest news with #G6
Yahoo
24-05-2025
- Automotive
- Yahoo
Macquarie Upgrades XPeng (XPEV) to Outperform
On May 22, Macquarie upgraded its rating on XPeng Inc. (NYSE:XPEV) from Neutral to Outperform, lifting the price target from $22 to $24. Eugene Hsiao from Macquarie made this upgrade following XPeng's strong Q1 2025 report, another quarter that is leading the company towards net profit. For the past seven quarters, XPeng's gross margin has improved, with Q1's gross margin reported at 15.6%. During Q1, the company lowered its losses from $190 million in the same quarter last year to around $91.6 billion. Hsiao mentioned that the company's goal of profitability seems evident with record deliveries during the quarter. XPeng's management expects the company to become profitable by the fourth quarter of 2025. An assembly line of electric cars moving along a production line. The company completed delivery of 94,008 vehicles during Q1. The company's revenue was around $2.20 billion, exceeding estimates by $17.42 million. XPeng's Vehicle sales revenue soared over 159% from a year ago, lowering the losses incurred compared to last year. Hsiao added that XPeng Inc. (NYSE:XPEV) is now covering its previous scale challenges. The analyst believes that the Chinese Smart EV maker can 'kick-start a growth cycle' through its M03 and P7+ vehicles, reclaiming its EV market share. XPeng has announced the launch of the 2025 models for G6, G9, and Mona Max, while the company expects to begin the deliveries of G7 and the latest P7 models in Q3. XPeng Inc. (NYSE:XPEV) is a well-known Chinese Smart EV manufacturer. It is engaged in the design, production, and marketing of Smart EVs. XPeng's famous vehicles include the SUV (the G3) and a four-door sports sedan (the P7). The company mainly targets the mid to high-end EV segment in China's passenger vehicle market. While we acknowledge the potential of XPEV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XPEV and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None.
Yahoo
24-05-2025
- Automotive
- Yahoo
Macquarie Upgrades XPeng (XPEV) to Outperform
On May 22, Macquarie upgraded its rating on XPeng Inc. (NYSE:XPEV) from Neutral to Outperform, lifting the price target from $22 to $24. Eugene Hsiao from Macquarie made this upgrade following XPeng's strong Q1 2025 report, another quarter that is leading the company towards net profit. For the past seven quarters, XPeng's gross margin has improved, with Q1's gross margin reported at 15.6%. During Q1, the company lowered its losses from $190 million in the same quarter last year to around $91.6 billion. Hsiao mentioned that the company's goal of profitability seems evident with record deliveries during the quarter. XPeng's management expects the company to become profitable by the fourth quarter of 2025. An assembly line of electric cars moving along a production line. The company completed delivery of 94,008 vehicles during Q1. The company's revenue was around $2.20 billion, exceeding estimates by $17.42 million. XPeng's Vehicle sales revenue soared over 159% from a year ago, lowering the losses incurred compared to last year. Hsiao added that XPeng Inc. (NYSE:XPEV) is now covering its previous scale challenges. The analyst believes that the Chinese Smart EV maker can 'kick-start a growth cycle' through its M03 and P7+ vehicles, reclaiming its EV market share. XPeng has announced the launch of the 2025 models for G6, G9, and Mona Max, while the company expects to begin the deliveries of G7 and the latest P7 models in Q3. XPeng Inc. (NYSE:XPEV) is a well-known Chinese Smart EV manufacturer. It is engaged in the design, production, and marketing of Smart EVs. XPeng's famous vehicles include the SUV (the G3) and a four-door sports sedan (the P7). The company mainly targets the mid to high-end EV segment in China's passenger vehicle market. While we acknowledge the potential of XPEV to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XPEV and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Sign in to access your portfolio
Yahoo
22-05-2025
- Automotive
- Yahoo
XPENG Appoints Modus Group as Exclusive Partner in the Baltics
Sales of Flagship G9 and Smart Coupe SUV G6 Models to Begin in Q3 2025. Showrooms in every Baltic Country. 2 XPENG models will be available for Estonia, Latvia and Lithuania: the popular G9 flagship SUV, and the ultra-smart G6 coupe May 22, 2025 (GLOBE NEWSWIRE) -- XPENG, a leading global smart electric vehicle (EV) manufacturer driven by innovation and advanced AI technology, has officially appointed Modus Group as its exclusive distribution and import partner for the Baltic States: Estonia, Latvia, and Lithuania. This strategic partnership marks XPENG's entry into the Baltic market, with sales scheduled to begin in the third quarter of 2025. XPENG and Modus Group are united by a shared vision: to offer cutting-edge, sustainable mobility that meets the evolving needs of today's drivers—while paving the way toward a smarter, greener future. As part of the launch, XPENG will introduce two of its most advanced and sought-after models to Baltic consumers: the XPENG G9 flagship SUV and the XPENG G6 ultra-smart coupe SUV—both of which have earned the prestigious Euro NCAP 5-star safety rating, underscoring the brand's unwavering commitment to safety, quality and technology. XPENG showrooms and after sales outlets will be installed in every Baltic country.A Strategic Collaboration for the Future of Mobility 'Expansion into the Baltics is an important milestone in XPENG's European growth journey,' said Elvis Chen, General Manager, Nordics Operation at XPENG. 'We believe our state-of-the-art electric vehicles will resonate strongly with customers in Estonia, Latvia, and Lithuania. Modus Group's deep-rooted presence and strong reputation in the region make them an ideal partner to bring XPENG's unique combination of technology, design, and performance to the Baltic market.' Founded in 2014, XPENG is recognized as one of the fastest-growing EV manufacturers in the world, with more than 700,000 smart EV's sold globally. The company's DNA is centered on cutting-edge innovation and its mission to shape the future of mobility. By the end of 2025, XPENG will have a presence in over 60 countries. Modus Group: A Proven Track Record in Automotive Excellence With over 30 years of experience in the automotive industry, Modus Group has established itself as a leader across the Baltics, representing 17 automotive and motorcycle brands and consistently delivering high customer satisfaction. 'XPENG is not just an EV manufacturer – it's a technology company redefining modern mobility,' said Gytis Mickus, CEO of Modus Group. 'Since our first discussions in 2019, we have seen the immense potential of XPENG's products and philosophy. This partnership perfectly aligns with our strategy to offer forward-thinking, sustainable solutions to our customers in the Baltics.' XPENG Vehicles: Innovation, Safety, and Luxury XPENG's models stand out for their next-generation architecture, premium materials, and smart systems. Besides the striking design, prominent safety features XPENG stands out with SEPA 2.0 Smart Electric Platform Architecture. The brand enables 800V fast-charging technology delivering 120 km of range in just 5 minutes. CTB (Cell-to-Body) Battery Integration: Increases chassis strength, reduces weight, and maximizes space. High-End Tech: with smart features updated regularly via free Over-the-Air (OTA) updates. Superior Electric Range Range: Up to 576 km WLTP. And Peace of Mind: All XPENG vehicles come with a 5+ 2-year warranty. Committed to Europe XPENG is committed to Europe. Since entering the European car market in Norway in 2021, XPENG has introduced advanced technologies and solutions, now operating in Norway, Denmark, Sweden, Finland, Iceland, the Netherlands, Belgium, Luxembourg, Germany, France, Iceland, Spain, Portugal, the UK, Ireland, Poland, soon also in Switzerland, Austria, the Czech Republic, Slovakia and in Estland, Latvia and Lithuania with plans for more expansion. About XPENG Founded in 2014, XPENG is a leading Chinese AI mobility company that designs, develops, manufactures, and markets intelligent electric vehicles, catering to a growing base of tech-savvy consumers. With the rapid advancement of AI, XPENG aspires to become a global leader in AI mobility, with a mission to lead the intelligent electric vehicle revolution through cutting-edge technology, shaping the future of mobility. To enhance the customer experience, XPENG in-house develops its advanced driver assistance technology (ADAS) and intelligent in-car operating system, along with core vehicle systems such as powertrain and electrical/electronic architecture (EEA). Headquartered in Guangzhou, China, XPENG also operates key offices in Beijing, Shanghai, Silicon Valley, and Amsterdam. Its intelligent electric vehicles are mainly produced at its plants in Zhaoqing and Guangzhou, Guangdong Province. XPENG is listed on the New York Stock Exchange (NYSE: XPEV) and the Hong Kong Stock Exchange (HKEX: 9868). For more information, visit Contacts: For Media Enquiries: XPENG PR Department Email: pr@ Photos accompanying this announcement are available at in to access your portfolio
The Sun
22-05-2025
- Business
- The Sun
G7 finance leaders try to downplay tariff disputes, find consensus
BANFF: Finance leaders from the Group of Seven industrialized democracies sought to downplay disputes over U.S. President Donald Trump's tariffs and find some common ground to keep the forum viable as they met in the Canadian Rocky Mountains on Wednesday. G7 finance ministers put a positive spin on discussions in Banff, Alberta, to try to reach an agreement on a joint communique largely covering non-tariff issues. The discussions included support for Ukraine, the threat from non-market economic policies of countries including China, and combating financial crimes and drug trafficking. 'I had a very productive day,' U.S. Treasury Secretary Scott Bessent told reporters when asked about his bilateral meetings as he departed the venue for a mountaintop dinner with fellow G7 ministers and central bank governors. The finance leaders were striving to avoid a repeat of a fractured G7 finance meeting hosted by Canada in 2018, when Trump's first-term steel and aluminum tariffs made a joint statement impossible. That meeting, described as the 'G6 plus one,' ended with Canada, Japan, Germany, France, Britain and Italy expressing 'unanimous concern and disappointment' over Trump's tariffs. Trump's tariffs are far more extensive this time, but G7 sources said there was an effort to find compromise with Bessent. 'There's been a marked improvement in the mood,' a spokesperson for French Finance Minister Eric Lombard said after Lombard's bilateral meeting with Bessent. 'We had sincere and honest discussion between allies.' Earlier, Lombard said that he was willing to live without a joint statement as long as the G7 reached a better understanding on how to reduce trade imbalances, better growth policies and the war in Ukraine. 'And making progress is what matters ultimately. It's not just a question of agreeing on a statement today for the sake of it,' Lombard said. But Italian Economy and Finance Minister Giancarlo Giorgetti took a different tack, saying on X that reaching a communique compromise was 'a step we consider crucial.' Ukraine discord G7 delegation sources said it remained unclear whether the leaders could agree on joint communique language. One European source said, for example, that U.S. officials wanted to delete language describing Russia's invasion of Ukraine as 'illegal' from the draft. Giorgetti said that Italy is pushing a proposal to bar countries that have done business in support of Russia's war effort from being part of Ukraine's reconstruction. The idea echoes what Bessent said last month that 'no one who financed or supplied the Russian war machine will be eligible for funds earmarked for Ukraine's reconstruction.' China has been key in helping Russia circumvent Western sanctions and has served as a conduit of high-tech and battlefield goods such as drone components. Delegates were also discussing a possible lowering of the $60-a-barrel G7 price cap on Russian crude oil. 'We expect a thorny discussion on the price cap,' one of the officials said. The EU is pushing to lower the price level as it works on an 18th package of sanctions against Russia aimed at Russian energy and the financing of sanctions circumvention. 'There is no agreement yet on the communique but it's fundamental that we get this communique. It would be serious if not agreed,' a European official said. Calming Influence A second European official said Bessent's participation in the G7 meeting and efforts to try to find common ground provided some comfort to participants, describing him as 'flexible.' Bessent skipped a much broader G20 finance meeting in South Africa in February, and a testy White House exchange between Trump and South African President Cyril Ramaphosa raised more questions about Trump's participation in a November G20 leaders summit. A U.S. source briefed on Bessent's positions said on Monday that Washington would not agree to a joint statement unless it served U.S. priorities, which include stronger G7 steps to combat non-market practices such as China's subsidies that have led to excess manufacturing capacity. 'The message we're passing on to Bessent is that tariffs are not the correct response to dealing with global imbalances,' another European official said. In a bilateral meeting, Bessent and Japanese Finance Minister Katsunobu Kato agreed that the current dollar-yen exchange rate reflects fundamentals, the Treasury said in a statement, that added that they did not discuss specific currency levels. Currency issues are a factor in Japan's effort to negotiate a tariff-reducing trade deal with the U.S. Canadian Finance Minister Francois-Philippe Champagne told reporters that he had a good meeting with Bessent. 'We get along very well. We got along very well,' Champagne said but declined to provide specifics. Bessent also met with Germany's new Finance Minister Lars Klingbeil on Wednesday. A German source at the G7 meeting described the discussion as an open and constructive exchange that lasted longer than planned, and the two men agreed to meet again in Washington after Bessent extended an invitation. Japan, Germany, France and Italy all face a potential doubling of U.S. duties to 20% or more in early July. Britain negotiated a limited trade deal that leaves it saddled with 10% U.S. tariffs on most goods, and host Canada is still struggling with Trump's separate 25% duty on many exports.
The Sun
22-05-2025
- Business
- The Sun
G7 Finance Leaders Seek Common Ground in Banff
BANFF: Finance leaders from the Group of Seven industrialized democracies sought to downplay disputes over U.S. President Donald Trump's tariffs and find some common ground to keep the forum viable as they met in the Canadian Rocky Mountains on Wednesday. G7 finance ministers put a positive spin on discussions in Banff, Alberta, to try to reach an agreement on a joint communique largely covering non-tariff issues. The discussions included support for Ukraine, the threat from non-market economic policies of countries including China, and combating financial crimes and drug trafficking. 'I had a very productive day,' U.S. Treasury Secretary Scott Bessent told reporters when asked about his bilateral meetings as he departed the venue for a mountaintop dinner with fellow G7 ministers and central bank governors. The finance leaders were striving to avoid a repeat of a fractured G7 finance meeting hosted by Canada in 2018, when Trump's first-term steel and aluminum tariffs made a joint statement impossible. That meeting, described as the 'G6 plus one,' ended with Canada, Japan, Germany, France, Britain and Italy expressing 'unanimous concern and disappointment' over Trump's tariffs. Trump's tariffs are far more extensive this time, but G7 sources said there was an effort to find compromise with Bessent. 'There's been a marked improvement in the mood,' a spokesperson for French Finance Minister Eric Lombard said after Lombard's bilateral meeting with Bessent. 'We had sincere and honest discussion between allies.' Earlier, Lombard said that he was willing to live without a joint statement as long as the G7 reached a better understanding on how to reduce trade imbalances, better growth policies and the war in Ukraine. 'And making progress is what matters ultimately. It's not just a question of agreeing on a statement today for the sake of it,' Lombard said. But Italian Economy and Finance Minister Giancarlo Giorgetti took a different tack, saying on X that reaching a communique compromise was 'a step we consider crucial.' Ukraine discord G7 delegation sources said it remained unclear whether the leaders could agree on joint communique language. One European source said, for example, that U.S. officials wanted to delete language describing Russia's invasion of Ukraine as 'illegal' from the draft. Giorgetti said that Italy is pushing a proposal to bar countries that have done business in support of Russia's war effort from being part of Ukraine's reconstruction. The idea echoes what Bessent said last month that 'no one who financed or supplied the Russian war machine will be eligible for funds earmarked for Ukraine's reconstruction.' China has been key in helping Russia circumvent Western sanctions and has served as a conduit of high-tech and battlefield goods such as drone components. Delegates were also discussing a possible lowering of the $60-a-barrel G7 price cap on Russian crude oil. 'We expect a thorny discussion on the price cap,' one of the officials said. The EU is pushing to lower the price level as it works on an 18th package of sanctions against Russia aimed at Russian energy and the financing of sanctions circumvention. 'There is no agreement yet on the communique but it's fundamental that we get this communique. It would be serious if not agreed,' a European official said. Calming Influence A second European official said Bessent's participation in the G7 meeting and efforts to try to find common ground provided some comfort to participants, describing him as 'flexible.' Bessent skipped a much broader G20 finance meeting in South Africa in February, and a testy White House exchange between Trump and South African President Cyril Ramaphosa raised more questions about Trump's participation in a November G20 leaders summit. A U.S. source briefed on Bessent's positions said on Monday that Washington would not agree to a joint statement unless it served U.S. priorities, which include stronger G7 steps to combat non-market practices such as China's subsidies that have led to excess manufacturing capacity. 'The message we're passing on to Bessent is that tariffs are not the correct response to dealing with global imbalances,' another European official said. In a bilateral meeting, Bessent and Japanese Finance Minister Katsunobu Kato agreed that the current dollar-yen exchange rate reflects fundamentals, the Treasury said in a statement, that added that they did not discuss specific currency levels. Currency issues are a factor in Japan's effort to negotiate a tariff-reducing trade deal with the U.S. Canadian Finance Minister Francois-Philippe Champagne told reporters that he had a good meeting with Bessent. 'We get along very well. We got along very well,' Champagne said but declined to provide specifics. Bessent also met with Germany's new Finance Minister Lars Klingbeil on Wednesday. A German source at the G7 meeting described the discussion as an open and constructive exchange that lasted longer than planned, and the two men agreed to meet again in Washington after Bessent extended an invitation. Japan, Germany, France and Italy all face a potential doubling of U.S. duties to 20% or more in early July. Britain negotiated a limited trade deal that leaves it saddled with 10% U.S. tariffs on most goods, and host Canada is still struggling with Trump's separate 25% duty on many exports.
