Xpeng Stock News

The S&P 500 is just below record highs as Tesla rebounded and Rivian soared. Two EV stocks are actionable now.

In the latest trading session, 5.92 million XPeng Inc. (NYSE:XPEV) shares changed hands as the companys beta touched 0. With the companys most recent per share price at $49.48 changing hands around $1.98 or 4.17% at last look, the market valuation stands at $39.85B. XPEVs current price is a discount, trading about -50.55% off its XPeng Inc. (NYSE: XPEV) Stock Forecast For 2021: Weak With A -1023.89 Percent Downside Read More »

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Shanghai-based company Heisai Technology announced today on its WeChat account that it has bagged $70 million from Chinese smartphone and IoT giant Xiaomi in Series D + round funding. In June, Hesai just brought in $300 million in Series D round led by Hillhouse, Xiaomi, food delivery giant Meituan, and CPE, the private equity platform of Citic. The new proceeds from D round and D+ round will be spent on supporting the companys mass production and deliveries of solid-state laser sensors, the construction of a smart manufacturing center, and R&D of auto-grade high-performance lidar chips. Lidar stands for Light Detection and Ranging, which uses laser pulses to build a 3D model of the environment around the car. Essentially, they help autonomous vehicles see other objects. Tesla CEO Elon Musk famously said any company relying on lidar is doomed. Tesla instead believes automated driving functions are built on visual recognition. Instead, Chinese tech companies and EV manufactures are betting on the lidar sector.

Xpeng Motors announced on Monday that it has obtained approval from China''s Ministry of Industry and Information Technology to hold the highest licensed equity of 50% in both Yidian Chuxing and Zhipeng IoV. The post Xpeng Motors Receives Approval for 50% Equity of Yidian Chuxing and Zhipeng IoV appeared first on Pandaily .

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The post Xpeng Stock Flashes Buy Signal As New SUV Ups Stakes For GMs China EV Push appeared on BitcoinEthereumNews.com . Xpeng stock rose after the Chinese EV startup teased a new electric vehicle, which will take on General Motors (GM) critical all-new, all-electric SUV for the Chinese market. X On

XPeng Inc. (NYSE:XPEV) gapped up prior to trading on Friday after Citigroup raised their price target on the stock from $53.40 to $87.00. The stock had previously closed at $47.58, but opened at $49.65. Citigroup currently has a buy rating on the stock. XPeng shares last traded at $48.61, with a volume of 244,391 shares []