XPeng Inc. (XPEV) is a leader in smart mobility exploring and driving electric vehicle transformation, determining the futuristic mobility experience., The company produces its full-stack automated driving technology and an intelligent operating platform to enhance its client mobility experience.
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XPEV stock price during the regular trading of March 16, 2022, rocketed by 29.5% to be $27.5. Its price plunged at the time of writing in the premarket session on March 17, 2022, by 6.21%.
XPEV: Events and Happenings
On March 17, 2022, Rockets Capital (XPEV as its strategic anchor investor) updated on achieving its preliminary closure of approximately $200 million in capital commitments. The fundraising also attracted leading institutional investors, such as IDG Capital, Sequoia China, and GGV Capital. On March 14, 2022, XPEV reported joining three key European automobile associations highlighting its unflinching commitment towards a cleaner mobility ecosystem in Europe. The associations include
- The European Association for Electromobility
- Royal RAI Vereniging / RAI Association, and
- BIL Sweden
On March 10, 2022, XPEV informed the press regarding the launch of client reservations of the XPENG P5 smart EV sedan, which is its third production model in the market. The company is launching it simultaneously in Norway, Denmark, the Netherlands, and Sweden. On March 7, 2022, XPEV announced to release its unaudited Q4 2021 financials on March 28.
XPEV: Key Financials
On November 23, 2021, XPEV released its third-quarter financials for the quarter ended September 30, 2020. Some key updates are discussed below.
Total revenues during Q3 2021 were RMB5,719.9 million as compared to RMB1,990 million during the comparable quarter of 2020. The company observed a gain of RMB3729 million in total revenue over the year.
Basic and diluted per share net loss for Q3 2021 was RMB1,594.8 million or RMB0.94 versus RMB1,148.8 million or RMB2.53 in the corresponding quarter in 2020. Its EPS increased considerably YoY.
A down-performance of 45% was recorded during the year-to-date period for XPEV stock. Its latest stock price decline came just after Rockets Capital announced the closure of $200 million in capital commitments. Also, the company is gearing for Q4 financial report and estimates $1.17 billion revenue for -$0.43 EPS.