Xpeng (XPEV) Stock: Why The Price Surged Today

By Amit Chowdhry ● Nov 23, 2021
  • The stock price of Xpeng Inc (NYSE: XPEV) increased by over 13% during intraday trading. This is why it happened.

The stock price of Xpeng Inc (NYSE: XPEV) increased by over 13% during intraday trading. Investors are responding positively to the company’s Q3 2021 unaudited financial results.

These are the highlights:

— Quarterly vehicle deliveries reached 25,666, a 199.2% increase year-over-year

— Quarterly total revenues reached RMB5,719.9 million, a 187.4% increase year-over-year

— Quarterly gross margin reached 14.4%

— Deliveries of the P7 were 19,731 in the third quarter of 2021, reaching a record quarterly high and representing an increase of 71.2% from 11,522 in the second quarter of 2021.

Q3 2021

Total Deliveries: 25,666

P7 Deliveries: 19,731

Q2 2021

Total Deliveries: 17,398

P7 Deliveries: 11,522

Q1 2021

Total Deliveries: 13,340

P7 Deliveries: 7,974

Q4 2020

Total Deliveries: 12,964

P7 Deliveries: 8,527

Q3 2020

Total Deliveries: 8,578

P7 Deliveries: 6,210

— Among the total P7s delivered in the third quarter of 2021, 99% can support XPILOT 2.5 or XPILOT 3.0.

— XPeng’s physical sales network consisted of a total of 271 stores, covering 95 cities as of September 30, 2021.

— XPeng-branded super charging stations expanded to 439, covering 121 cities as of September 30, 2021.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.