XPeng Inc ADR
XPEV: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$13.80 | Hcysw | Crgqnvx |
Leading NEV Manufacturer With Advanced In-House Autonomous Driving Technology
Business Strategy and Outlook
XPeng is a leading electric vehicle, or EV, manufacturer in China, targeting the midrange to high-end segment and tech-savvy consumers. It is mass producing five pure electric models: the G3/G3i compact sport utility vehicle, or SUV; P7 midsize sedan; P5 compact sedan; G9 midsize SUV, and G6 compact SUV. Retail prices of the current model portfolio range from CNY 150,000 to CNY 350,000 for popular trims, which offer a driving range of roughly 460-700 km. For its new model pipeline, XPeng plans to launch 2-3 new cars each year from 2023 onward.