Latest news with #X9
CNBC
22-05-2025
- Automotive
- CNBC
Xpeng shares soar 10% in Hong Kong as Chinese carmaker forecasts upbeat revenue
Chinese electric-vehicle maker Xpeng saw its shares in Hong Kong surge over 10% Thursday following upbeat earnings and stronger-than-expected revenue forecast for the second quarter. Its shares soared as much as 10.2% to 85.5 Hong Kong dollars ($10.86), and were last trading 7% higher, taking year-to-date gains to 78%. The Guangzhou-based carmaker's first-quarter revenue more than doubled from a year earlier, driven by robust sales. Xpeng said it delivered 94,008 vehicles in the first three months this year, more than four times the sales volume a year earlier. That improved top line helped narrow its net loss for the first quarter to 664 million yuan, compared to 1.37 billion yuan a year ago, and lifted its gross margin to 15.6% for the quarter from 12.9% a year earlier. The company is a key player in China's hypercompetitive EV market, but has struggled to turn a profit amid rising competition and sluggish domestic demand. Analysts widely expect Xpeng will likely turn profitable in the fourth quarter this year, thanks to its strong sales momentum and pipeline of new models. The company has launched several new products, including the mass-market brand MONA last August and a renewed flagship model X9, featuring advanced autonomous driving system. The automaker said it aims to begin mass production of vehicles equipped with Level 3 autonomous driving features in China by year-end, a significant upgrade from the currently more common Level 2 systems. For the second quarter, Xpeng said it anticipates a revenue of 17.5 billion yuan to 18.7 billion yuan, compared with consensus forecast of 17.2 billion yuan, according to data compiled by LSEG. It expects to deliver 102,000 and 108,000 of electric cars in the second quarter — a jump of around 237.7% to 257.5% from a year earlier. That optimistic earning forecast lifted investor sentiment, sending Xpeng's U.S.-listed shares 13% higher to close at $22.25, powering a year-to-date rally of over 88%. Still, it is well off its record of more than $72 apiece hit in November 2020, according to LSEG data. Rival BYD has seen shares in Hong Kong surge over 74% so far this year, Li Auto has risen more than 22%, while NIO has lost over 11%.
Business Mayor
21-05-2025
- Automotive
- Business Mayor
Xpeng shares rise, adding to 66% rally after the Chinese EV maker's losses narrowed
An Xpeng booth at the 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025. Cfoto | Future Publishing | Getty Images Xpeng shares jumped as much as 6% in premarket trading in New York, after the Chinese electric vehicle upstart reported first quarter earnings that were ahead of expectations. 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: Revenue: 15.81 billion Chinese yuan ($2.18 billion), up 141.5% year-on-year and comparing with 15.1 billion yuan expected. 15.81 billion Chinese yuan ($2.18 billion), up 141.5% year-on-year and comparing with 15.1 billion yuan expected. Net loss: 660 million yuan, versus a 1.4 billion yuan loss expected and down from 1.37 billion yuan last year. 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. READ SOURCE
CNBC
21-05-2025
- Automotive
- CNBC
Xpeng shares rise, adding to 66% rally after the Chinese EV maker's losses narrowed
Xpeng shares jumped as much as 6% in premarket trading in New York, after the Chinese electric vehicle upstart reported first quarter earnings that were ahead of expectations. 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.
Business Times
16-05-2025
- Automotive
- Business Times
XPeng X9 review: Too big to fail
[SINGAPORE] I had two ambitions as a boy: to marry Christie Brinkley and to become a spaceship pilot, though not necessarily in that order. Alas, fortune declined to smile on the Uptown Girl, but spending time with the XPeng X9 made me feel like my star captain fantasies finally came true – especially when it comes to the whole 'space' thing. The X9 is vast both inside and out, so much so that it could obscure a Bentley by pulling up alongside it. At 5.3 m long and 2m wide, it would have its own postal code if it didn't have wheels. Despite all appearances, the XPeng is not a building but a pure electric Multi Purpose Vehicle (MPV). It has seven seats and a 320 horsepower motor for the front wheels, drawing power from either an 84.5 kWh or 101.5 kWh battery, with up to 500km or 590 km of range, respectively. Zero to 100 kmh involves 7.7 seconds and a polite whoosh. That makes it roughly as quick as a good 3.0-litre car, which is handy if your kids are running late for their golf lessons. The X9 has seven seats and a 320 horsepower motor for the front wheels, drawing power from either an 84.5 kWh or 101.5 kWh battery, with up to 500km or 590 km of range, respectively. PHOTO: BIG FISH PUBLISHING But numbers alone don't explain this car. To understand it, you have to realise that XPeng was founded by a software engineer, and then imagine that the X9 is what happens when you ask a bunch of tech bros to design the ultimate family car. They scratch their heads, then throw the latest Qualcomm 8295 chip at the problem, along with 30,000 lines of code. Then they add all the hardware they imagine would suit a big, plush car. The result is a sort of maximalist people mover. The second-row thrones not only recline, they heat, cool and knead your spine six different ways. There are tray tables, motorised legrests, individual cupholders and USB charging ports, plus a rear screen that's bigger than some desktop monitors. A NEWSLETTER FOR YOU Friday, 2 pm Lifestyle Our picks of the latest dining, travel and leisure options to treat yourself. Sign Up Sign Up The X9 features tray tables, motorised legrests, individual cupholders and USB charging ports, plus a rear screen that's bigger than some desktop monitors. PHOTO: BIG FISH PUBLISHING The X9 also has five-zone climate control, meaning it's literally big enough to have its own microclimates. The fridge between the front seats keeps drinks at 0 deg C or heats them to 50 deg C, depending on whether you're transporting milk tea or soup. The third row isn't just there to make up the numbers, either. Adults fit, and when you don't need them, you can fold the seats away to create a proper flat floor, a task done entirely with buttons. Do that and you get an enormous 2,554-litre boot. There's a photo out there of five bicycles parked inside the boot with the second-row chairs still upright, which is five more bicycles than you can stuff into most Ferraris. Yet, for something this large, the X9 is surprisingly nimble. It's the first MPV I know of with rear-wheel steering, which lets it pull off U-turns with ridiculous ease. The XPeng's sheer size means it will never be agile, but the steering is light enough to make it feel wieldy. The X9's sheer size means it will never be agile, but the steering is light enough to make it feel wieldy. Parking it would have been stressful, except I didn't have to do it myself. Hit a virtual button and the car slots itself neatly into a space without fuss or human input. Another clever trick is how, when the rear screen is down and blocks your view, the rearview mirror becomes a camera feed so you can still keep an eye on what's behind you. Where it borders on digital overkill is in how endlessly tweakable the whole thing is. There are three settings each for accelerator response, steering weight, brake pedal feel, suspension stiffness and power steering effort. There are four overall drive modes, four levels of regenerative braking and five for ride height. It's like the tech guys couldn't help themselves. One thing I didn't like was how the air-con takes a while to get going, and that someone decided that aiming the vents via touchscreen was a good idea. That person should be suspended. Preferably from the ceiling, by their thumbs. It's worth mentioning too that XPeng released an updated version of the X9 in April, with redesigned second-row seats, a new battery and other tweaks. That version hasn't reached Singapore yet, but it's something to consider if you're thinking of buying one now. Early adopters may feel a twinge, but that's how it goes in the tech world – even when the product in question is an MPV that looks like it belongs in an intergalactic fleet. XPeng moves so quickly, it's almost as if it thinks it's in a space race. XPeng X9 Long Range Motor Power/Torque: 320 hp/450 Nm Battery Type/Net Capacity: Lithium Nickel Manganese Cobalt/101.5 kWh Charging Time/Type: Approximately 10 hours (11 kW AC), 20 minutes 10 to 80 per cent (317 kW DC) Range: 590 km 0-100 km/h: 7.7 seconds Top Speed: 200 kmh Efficiency: 19.8 kWh/100 km Agent: Premium Automobiles BEV Price: S$335,999 with COE Available Now
Business Mayor
03-05-2025
- Automotive
- Business Mayor
China's Xpeng delivers over 30,000 vehicles for the sixth consecutive month
People visit XPENG booth at 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025. Cfoto | Future Publishing | Getty Images Chinese electric vehicle maker Xpeng delivered 35,045 vehicles in April, sustaining its record of delivering more than 30,000 vehicles for the sixth consecutive month. That represents a 273% year-on-year increase in deliveries. The automaker on April 15 announced the launch of its renewed flagship model, the X9, starting from 359,800 yuan ($49,482). Its competitor Leapmotor surpassed the 40,000-unit mark and delivered 41,039 vehicles in April, close to its 2024 record of 42,517 vehicles delivered in December 2024. Nio delivered 19,269 vehicles for its main brand in April, more than the 10,219 delivered in March. One of its sub-brands, Onvo, delivered 4,400 vehicles in April, marking a decline from the 4,820 vehicles delivered the previous month. The other sub-brand under Nio, Firefly, on April 19 officially launched its namesake model, a compact electric car that starts at 119,800 yuan. The carmaker also announced that deliveries started April 29. Based on CNBC's calculations of publicly available figures, 231 Firefly cars were delivered in April. Industry giant BYD sold 372,615 passenger vehicles in April, reflecting a 45.09% year-on-year increase. It had also reported 79,086 vehicles sold overseas in April, topping its record of 72,723 in March. The EV juggernaut unveiled five new car models at the Shanghai Auto Show, an industry exhibition which ran from April 23 to May 2. Some automakers struggle to boost deliveries Not all automakers' delivery volumes grew from the previous month. Geely-owned Zeekr 's April deliveries fell to 13,727 units, down from 15,422 the previous month. Deliveries also fell 14.7% year on year, based on CNBC's calculations of publicly available numbers. Li Auto delivered 33,939 vehicles in April, down from the 36,674 vehicles delivered the month prior, but still marking a year-on-year growth of 31.6%. Xiaomi delivered over 28,000 vehicles in April, below its record of more than 29,000 the previous month. That comes after the crash of an SU7 vehicle in China on April 2 that left three dead In light of the accident, safety concerns 'took centerstage' at the Shanghai Auto Show this year, Nomura analysts said in a note dated April 28. The note added that companies are 'moving towards embracing more Lidars onto their models.' Lidar, short for light detection and ranging, can help construct maps of the environment, which can be used in driver-assistance systems in vehicles. READ SOURCE
