Xpeng Is Set To Launch A New Electric SUV. Is The Stock A Buy?

So is Xpeng stock likely to rise further, or are gains looking less likely in the near term? Based on our machine learning analysis of trends in the historical stock price, there is only a 36% chance of a rise in XPEV stock over the next month. U.S. listed Chinese electric vehicle players provided updates on their delivery figures for July, with Li Auto taking the top spot, while Nio, which consistently delivered more vehicles than Li and Xpeng until June, falling to third place. Nio stock has rallied by almost 38% over the last month, Li Auto gained 45%, and Xpeng surged by almost 58%. Now although the three companies posted mixed delivery figures for the month of May, with Nio and Li Auto both posting declines in their deliveries versus April, and Xpeng growing sales marginally, the sales numbers likely weren't as bad as expected, considering the semiconductor shortage that has roiled the auto industry. Nio stock remains down by about 20% year-to-date while Xpeng is down by about 22%. See our analysis on Nio, Xpeng & Li Auto: How Do Chinese EV Stocks Compare? for an overview of the financial and valuation metrics of the three U.S. listed Chinese EV players. Our analysis Nio, Xpeng & Li Auto: How Do Chinese EV Stocks Compare? compares the financial performance and valuation of the major U.S. listed Chinese electric vehicle players. Xpeng currently sells the G3 SUV and the P7 sedan, and its new P5 compact sedan is likely to hit the roads later this year. Xpeng produces and sells premium electric vehicles including the G3 SUV and the P7 four-door sedan, which are roughly positioned as rivals to Tesla's Model Y SUV and Model 3 sedan, although they are more affordable, with the basic version of the G3 starting at about $22,000 post subsidies.