AllAnalyst Report
logoMorningstarNovember 16, 2023

XPeng Inc.: XPeng Earnings: Vehicle Margin Remains Depressed but Guided to Improve

Symbols
XPEV
Sector(s)
Consumer Cyclical
Rating
Current Price
$8.63
Fair Value
Economic Moat
Stewardship
Summary

Founded in 2015, XPeng is a leading Chinese smart electric vehicle, or EV, company that designs, develops, manufactures and markets EVs in China. Its products primarily target the growing base of technology-savvy middle-class consumers in the midrange to high-end segment in China’s passenger vehicle market. The company sold over 120,000 EVs in 2022, accounting for about 2% of China’s passenger new energy vehicle market. It is also a leader in autonomous driving technology.

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