Latest news with #urbantransportation
Yahoo
22-05-2025
- Automotive
- Yahoo
BofA Maintains Buy Rating on XPeng (XPEV) Following Q1 Report
On May 21, BofA lifted the price target on XPeng Inc. (NYSE:XPEV) from $27 to $29 and maintained a Buy rating on the stock. Ming-Hsung Lee from BofA Securities raised the price target after the company exceeded revenue and earnings estimates for the first quarter of 2025. XPeng surpassed revenue estimates by $17.42 million, posting $2.20 billion in total revenues during Q1. Lee mentioned that the company's strong quarterly performance was driven by the bottom-line beat on FX gains and government subsidies. The company's exchange gain from foreign currency transactions was around $17.97 million, compared to losses from a year ago. A fleet of electric vehicles in a cityscape, representing the companies success in urban transportation. XPeng made a record 94,008 vehicle deliveries in Q1, representing a significant rise of 331% year-over-year. Lee pointed out that the company expects the sales volume to continue to experience robust growth during Q2, driven by the launch of the 2025 models of G6, G9, and Mona Max. The company expects to start the deliveries of G7 and new P7 models in Q3. Whereas the deliveries of new models under the Kunpeng Super Hybrid architecture are expected to begin in Q4 2025. Driven by robust demand, the company projects achieving profitability in Q4. XPeng Inc. (NYSE:XPEV) is a prominent Chinese Smart EV maker. The company is engaged in the design, production, and sales of Smart EVs. Its SUV (the G3) and a four-door sports sedan (the P7) are two of its most famous models. XPeng primarily targets the mid to high-end 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.
bnok24
11-05-2025
- Business
- bnok24
Zed's Launches Smart Mobility Services in the Egyptian Market
In a strategic move that marks the beginning of a new era in Egypt's smart mobility sector, Zed's has officially launched its digital platform offering innovative urban transportation solutions across major Egyptian cities This initiative comes at a crucial time amid rising energy costs, inflation, and continuous population growth. Zed's introduces a locally developed model that caters to the needs of Egyptian families by offering safe, efficient mobility while also empowering drivers and creating sustainable economic opportunities Ashraf Manour, Founder and Chairman of Zed's, stated 'With the Egyptian delivery services market expected to surpass $256 million by the end of 2025, there's a pressing need for innovative, local solutions that directly address economic concerns and enhance the overall transportation experience. At Zed's, we're building our platform around a distinctly Egyptian vision focused on transparency, fairness, and full ecosystem integration Zed's: A Local Smart Mobility Platform Focused on Economic Sustainability The company has commenced its first phase of operations in Alexandria, with plans to expand across all Egyptian governorates within the next nine months. Zed's aims to create over 200,000 driver opportunities in its first year and attract 2 million active users by the end of 2025 This ambitious expansion reflects the company's deep commitment to serving local market needs through smart, efficient solutions built on cutting-edge technology Zed's strategy is grounded in offering a sustainable economic model that balances the interests of both riders and drivers. The platform operates with a transparent pricing system free of hidden fees or sudden surcharges, making it an attractive, reliable alternative to international competitors whose prices have risen significantly in the local market. Zed's also aims to reduce drivers' operational costs by offering the lowest commission rates in the industry Safety and Innovation in Every Ride Zed's platform is equipped with comprehensive safety features, including AI-powered live trip monitoring, full audio and video recording of rides, and an emergency button that connects passengers directly with support teams at any time A standout feature is the 'Pink Mode', allowing female passengers to choose female drivers exclusively, creating a safer and more comfortable travel environment for women In support of drivers, Zed's provides special financing programs to help cover fuel and maintenance costs, alongside health insurance and vehicle coverage. The company is also committed to promoting green transportation by encouraging drivers to switch to electric and natural gas vehicles, reducing carbon emissions and fuel expenses Flexible Payments and an Enhanced User Experience To improve accessibility, Zed's offers flexible payment options, including Buy Now, Pay Later (BNPL) in partnership with leading local banks. This approach broadens user access to smart transport services without the burden of immediate financial commitments Additionally, Zed's offers a unique in-vehicle entertainment experience, featuring movies, music, and sports content—transforming daily commutes into enjoyable journeys Strategic Partnerships Fueling Growth Zed's has entered into strategic partnerships with leading financial and tech institutions in the Egyptian market. These collaborations enhance the value delivered to both drivers and riders, ensuring adaptability to shifting market demands and supporting the delivery of innovative financial services Download Zed's App: A New Chapter for Smart Transportation in Egypt Drivers can download the app via while passengers can access it through Watch the launch video here: The Zed's app is now available for download on Google Play and the App Store, enabling users and drivers to start benefiting from its wide range of smart features. Designed to be the go-to solution for affordable, secure transportation, Zed's is paving the way toward a sustainable digital economy in Egypt Google News تابعونا على تابعونا على تطبيق نبض
