These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Tesla trades for about 16 times sales and 136 times estimated 2021 earnings. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by XPeng, will be approximately $1.5 billion, excluding any exercise of the underwriters’ option to purchase additional ADSs. XPeng Inc. (“XPeng” or the “Company”), a smart electric vehicle (“Smart EV”) company, announced today the pricing of its initial public offering of 99 Asia-based analysts aren’t scared off by sky-high valuations of EV shares, but a look at EV pioneer Tesla suggests that the same can’t be said of their U.S.-based peers. (GM), and Xpeng Motors official website provides you with P7 price, pictures, specs & configuration, etc. Meanwhile, the Buy-rating ratio for These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Lai also rates the stock of Xpeng (XPEV) a Buy, with a $27 price target. Now read: Tesla's high market cap and margin pressure keep Needham in bear camp », Tesla's high market cap and margin pressure keep Needham in bear camp », Chinese electric car start-up Xpeng shows off new flying vehicleÂ, Xpeng Motors debuts at NYSEâHere's what to know about the Tesla competitor. Tesla But EV and traditional auto stocks are popular in Asia for a clear reason: Analysts see a lot of opportunity in the China, the largest new car market in the world. The offering is being made only by means of a prospectus forming a part of the effective registration statement. Fiat Chrysler Automobiles XPEV has a short ratio of 0.68 and outstanding shares of 729.56M. (TSLA), the most valuable auto maker in the world. For more information, please visit https://en.xiaopeng.com. The firm notes those marks topped expectations and sees only a limited impact from the recent price cuts on the Tesla Model 3 in China. Traders will also note the company’s earnings per share came in at 0.00. Xpeng@brunswickgroup.com, Stephanie Heise However, there were reports Wednesday that the Xpeng IPO would price at $15 amid strong demand. "We believe the direct impact to XPeng is manageable and we don't rule out the possibility that Xpeng lowers the price of P7 if orders are impacted post Tesla's price adjustment." +852 9750 5170 / +86 1550 7577 546 To add more color to this target, the company’s high over the last year... CBL & Associates Properties Inc. (CBL) shares are trading at lower $0.16 and the avg recommendation for the stock is Moderate Sell. Currency in USD, Trade prices are not sourced from all markets. S&P 500, The rating sent Xpeng stock higher in Tuesday trading. He projects average annual growth of 26% from 2019 to 2025 for Chinese NEVs, or new energy vehicles. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. Stock analysis for XPeng Inc (XPEV:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The Chinese EV stocks trade for about 35 times sales. This copy is for your personal, non-commercial use only. This copy is for your personal, non-commercial use only. Subscribe to Premium to view Fair Value for XPEV. General Motors Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels. To add more color to this target, the company’s high over the last year is $25.00 and the low is … Further information regarding these and other risks is included in XPeng’s filings with the SEC. XPEV has seen increased volume after this news and investors are putting their support behind the value proposition. If it isn't grown, it has to be mined. In order to optimize its customers’ mobility experience, XPeng develops in-house its full-stack autonomous driving technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrification/electronic architecture. Shares opened at $23.10, up 54%. Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Chinese electric vehicle maker Xpeng got its first analyst rating Tuesday—a Buy from J. (F), XPeng Inc. (“XPeng” or the “Company”), a smart electric vehicle (“Smart EV”) company, announced today the pricing of its initial public offering of 99 All information provided in this press release is as of the date of this press release, and XPeng does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Investors should also keep an eye on sector updates as XPEV has historically followed its peers on positive news. (FCAU) is 57%. XPeng Inc. is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets Smart EVs that appeal to the large and growing base of technology-savvy middle-class consumers in China.