|Bid||29.11 x 2200|
|Ask||28.90 x 2200|
|Day's Range||29.79 - 32.66|
|52 Week Range||17.11 - 74.49|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||53.97|
XPeng Inc. ("XPeng" or the "Company", NYSE: XPEV), a leading Chinese smart electric vehicle ("Smart EV") company, today expanded its product offering by launching three new vehicle versions powered by lithium iron phosphate (LFP) batteries for the Chinese market. The three new LFP-battery powered cars, including the rear-wheel drive (RWD) P7 Standard Range Smart and Premium models, and the G3 460c model, are now available to order in China.
Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. We surveyed a group of over 1,000 readers on why they invested in popular EV stocks Tesla Inc (NASDAQ: TSLA), Nio Inc - ADR (NYSE: NIO), Li Auto Inc. (NASDAQ: LI) and Xpeng Inc - ADR (NYSE: XPEV). To get a sense of which EV stock respondents have or have had the most exposure to in their portfolios, respondents were given the opportunity to share their 2020 and 2021 trading history with each stock. Over the past year, which EV stocks have you traded or invested in? Select all that apply. EV stock % of respondents who have traded or invested in the stock Tesla 64% Nio 67% Li Auto 23% XPeng 24% Why Invest In EV Stocks? Two main reasons were cited: a global move towards clean energy vehicle solutions driven by government policy, as well as vehicle availability. Many respondents suggested the Biden administration’s embrace of clean energy will provide favorable business conditions for EVs of all makes and models in the coming years, providing strength to clean energy industries at large. Next, given the Chinese EV makers have had less time for research and development along with the time necessary to ingratiate themselves in the global EV market share, respondents see Nio, Li and Xpeng with more room to run than the likes of Tesla. Tesla was founded in 2003. Nio and Xpeng were founded in 2014, and Li in 2015. See Also: How To Buy Tesla Stock and How To Buy Nio Stock Going Global It's well known that Elon Musk’s Tesla has a presence in China, not to mention global growth ensuing and symbolized by Giga Berlin, so traders suggested this exposure Tesla has to markets outside the U.S. may already be priced into shares. Nio, Li and Xpeng’s lineup of EVs are not currently available for purchase in the U.S., so it can be said the introduction of Chinese EV’s official entry into the U.S. market would be a milestone serving as a catalyst for shares to spike. Many investors said they're holding shares in anticipation of the expansion of the availability of Chinese EVs into both Europe and the U.S. But when or if this introduction to the U.S. market by Chinese EV makers happens, a publically offered timetable hasn’t yet been set by any of the Tesla competitors. Meanwhile, non-Tesla traders in our study were relatively irked by Tesla's P/E which sits at 1,077/1 at the time of publication, believing shares of the stock could be in for consolidation in the near-term. This survey was conducted by Benzinga in March 2021 and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 1,000 adults. See more from BenzingaClick here for options trades from BenzingaThinking About Buying Stock In Tesla, Boeing, Nio Or Plug Power?JD Power Dependability Survey Places Tesla Among Worst-Ranked Car Brands In US© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Consumers in China focus on factors such as the price and driving range the most while buying an electric car, according to a report by CNBC. What Happened: As per the CNBC report, which is based on conversations from around China and not on qualitative research, some consumers prefer to buy local electric cars due to their cheaper prices, customer care service and the driving range on a single battery charge. While Tesla Inc. (NASDAQ: TSLA) is the market leader for high-end vehicles in China, the world’s largest auto market, Chinese car start-ups such as Nio Limited (NYSE: NIO), Li Auto Inc. (NASDAQ: LI) and Xpeng Inc. (NYSE: XPEV) saw deliveries jump last year. Li Auto’s Li One SUV is priced at 328,000 yuan, according to the company’s website, almost half the price of a similar car from Nio, which focuses on the premium market. In addition, the Li One also comes with a fuel tank for charging the battery on the go, which boosts the vehicle’s driving range to 498 miles from 111 miles on a single charge. The extra range is an attraction for consumers due to the absence of public charging infrastructure in China’s remote regions. While Nio sells several car features as a subscription model, the company’s customer care service was an attraction for buyers, according to the CNBC report. Nio's founder, chairman and CEO William Li said the company doesn't prefer to emulate Tesla in cutting prices and boosting order backlogs. Tesla’s Model 3 sells for nearly $39,000 in China following a series of price cuts made by the company last year. Online stories about Tesla’s poor customer service also apparently deterred some from buying the U.S. electric car maker’s vehicles. See Also: Nio Says Chip Shortage Will Hit EV Production In Q2 Why It Matters: Electric vehicles are seeing strong demand from consumers in China after the government launched subsidy programs and announced the development of a national charging network. The government has also made it cheaper to get license plates for electric vehicles as part of its efforts to reduce pollution in Chinese cities. Chinese companies, including Li Auto and Xpeng, are working on developing electric vehicle technologies, including ultra-fast charging, next generation computing platforms and autonomous driving technologies. Read Next: Top 10 Electric Vehicle Stocks You Should Know About See more from BenzingaClick here for options trades from BenzingaElon Musk's SpaceX Building Starlink Factory in TexasTesla's Share Of European EV Market Reduced To 3.5%© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.