XPeng Launches its First Store in Singapore: 3 Things You Should Know About This Chinese EV Company

The Smart Investor11-20 12:00

[ Share Facebook Twitter LinkedIn Email WhatsApp When we think about electric vehicles (EVs), our attention usually turns to well-known names such as Tesla (NASDAQ: TSLA) and BYD (SEHK: ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2484713241?lang=en_US&edition=fundamental","thumbnail":"https://thesmartinvestor.com.sg/wp-content/uploads/2024/11/Xpeng-300x200.jpg","is_english":true,"pubTime":"2024-11-20 12:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2484713241","market":"sg","top_or_hot":-1,"title":"XPeng Launches its First Store in Singapore: 3 Things You Should Know About This Chinese EV Company","media":"The Smart Investor","content":"<div>\n<p>[\n\n\n\nShare\n\n\nFacebook\n\nTwitter\n\nLinkedIn\n\nEmail\n\nWhatsApp\n\n\n\n\n\nWhen we think about electric vehicles (EVs), our attention usually turns to well-known names such as Tesla (NASDAQ: TSLA) and BYD (SEHK: ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/xpeng-launches-its-first-store-in-singapore-3-things-you-should-know-about-this-chinese-ev-company/\">Source Link</a>\n\n</div>\n","source":"thesmartinvestor_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XPeng Launches its First Store in Singapore: 3 Things You Should Know About This Chinese EV Company</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXPeng Launches its First Store in Singapore: 3 Things You Should Know About This Chinese EV Company\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-20 12:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/xpeng-launches-its-first-store-in-singapore-3-things-you-should-know-about-this-chinese-ev-company/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[\n\n\n\nShare\n\n\nFacebook\n\nTwitter\n\nLinkedIn\n\nEmail\n\nWhatsApp\n\n\n\n\n\nWhen we think about electric vehicles (EVs), our attention usually turns to well-known names such as Tesla (NASDAQ: TSLA) and BYD (SEHK: ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/xpeng-launches-its-first-store-in-singapore-3-things-you-should-know-about-this-chinese-ev-company/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999015952.SGD","symbol_name":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","start_time":0,"source_url":"https://thesmartinvestor.com.sg/xpeng-launches-its-first-store-in-singapore-3-things-you-should-know-about-this-chinese-ev-company/","article_id":"2484713241","we_media_id":null,"thumbnails":["https://thesmartinvestor.com.sg/wp-content/uploads/2024/11/Xpeng-300x200.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484713241","pubTimestamp":1732075200,"sourceInfo":{"source_id":"thesmartinvestor_highlight","name":"The Smart Investor"},"weMediaInfo":null,"summary":"Recently, Chinese electric vehicle maker, XPeng, announced its official entry into the Singapore market. Here are several interesting facts about this company.","collect":0,"end_time":0,"defaultTopTitle":"thesmartinvestor.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0823411888.USD":"法巴消费创新基金 Cap","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","BK4526":"热门中概股","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4588":"碎股","BK4551":"寇图资本持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2063271972.USD":"富兰克林创新领域基金","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4505":"高瓴资本持仓","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","GRO":"Brazil Potash Corp.","XPEV":"小鹏汽车","BK4504":"桥水持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4099":"汽车制造商","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","NIO.SI":"蔚来","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","LU1861215975.USD":"贝莱德新一代科技基金 A2","NIO":"蔚来","TSLA":"特斯拉","BK4592":"伊斯兰概念","RIVN":"Rivian Automotive, Inc.","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4532":"文艺复兴科技持仓","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","BK4531":"中概回港概念","WRD":"文远知行","09866":"蔚来-SW","BK4534":"瑞士信贷持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4555":"新能源车"},"translate_title":"小鹏汽车在新加坡开设第一家门店：关于这家中国电动汽车公司您应该了解的3件事","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XPEV":1,"GRO":1,"NIO":1,"RIVN":1,"TSLA":1,"WRD":1,"NIO.SI":0.6,"EVS.SI":0.6,"09866":0.6},"content_text":"[\n\n\n\nShare\n\n\nFacebook\n\nTwitter\n\nLinkedIn\n\nEmail\n\nWhatsApp\n\n\n\n\n\nWhen we think about electric vehicles (EVs), our attention usually turns to well-known names such as Tesla (NASDAQ: TSLA) and BYD (SEHK: 1211). \nTherefore, the mid-cap Chinese EV marker XPeng (NYSE: XPEV) often flies under the radar.\nWith a market capitalisation of US$12.3 billion, XPeng ranks as one of China’s more successful EV companies. \nThe company brands itself as a leading Chinese smart EV company that manufactures vehicles for technologically-savvy middle-class consumers. \nLet us find out more about this smart EV company, which has recently expanded its operations in Singapore by opening its first showroom at UOB Plaza in July.\nRoad to profitability\nFounded in 2014, XPeng is still navigating its path to profitability. \nWhile concerns continue to swirl over its losses, it’s important to remember that XPeng is relatively young in the automotive industry. \nTo put it into context, it took Tesla, the world’s leading EV company, 18 years to finally achieve profitability. \nLet us dissect XPeng’s financials to determine whether the company has the potential to turn profitable. \nFor the second quarter of 2024 (2Q 2024), XPeng reported RMB 8.1 billion in total revenue, marking a 60.2% year on year increase.\nDespite this growth, XPeng recorded a net loss of RMB 1.3 billion, which is nevertheless an improvement from the previous year’s RMB 2.8 billion loss. \nA reassuring sign for investors is XPeng’s gross margin, which has significantly improved from negative 3.9% a year ago to 14% in 2Q 2024.\nThis indicates that XPeng is selling its vehicles at a vehicular profit margin of 6.4%, with its net loss largely attributed to research and development efforts and administrative expenses. \nWhen compared to other mid-cap EV companies, we can see that XPeng stands out for its stability.\nFor example, its Chinese competitor, NIO (NYSE: NIO), has a gross margin of 9.7% in 2Q 2024.\nMeanwhile, Rivian (NASDAQ: RIVN) has a negative gross margin of 45% for 3Q 2024, with the company losing US$39,130 for every vehicle delivered. \nAs XPeng continues to scale up its production to meet growing demand, we can expect its margins to improve, paving the way for future profitability.\nGrowing deliveries\nXPeng has demonstrated consistent delivery growth over the past four years, supported by the company’s three manufacturing factories across China.\nFor 1Q 2024, XPeng delivered a total of 30,207 vehicles, up 30.2% year on year. \nFor the entire 2023, the company has delivered a total of 141,601 vehicles.\nSource: XPeng’s Investor Relations\nThe reason behind XPeng’s strong year on year growth is the company’s strategic expansion.\nRather than focusing solely on the Chinese market, XPeng has set its sights on international expansion.\nThe company is rapidly expanding throughout Europe, with vehicle sales in several Nordic countries, the Netherlands, Germany, and France. \nXPeng is also exploring market launches in the UK and Italy. \nThis ongoing expansion is taking place despite the EU tariffs on Chinese EVs, underscoring the company’s commitment to its vision to become a global company. \nLooking at 2024, delivery numbers are looking very positive. \nFor the first 10 months of 2024 till October 2024, XPeng announced 122,478 deliveries, representing an impressive 21% year on year growth.\nTechnological advancements\nAs previously mentioned, XPeng positions itself as a smart EV company, emphasizing not just automobile manufacturing but also technological innovation.\nIn May 2024, XPeng revealed the industry’s first artificial intelligence (AI) powered in-car operating system.\nThis system features a personalised AI assistant called Xiao-P, an in-built AI chauffeur and bodyguard, that enhances the smart driving experience for XPeng car owners. \nA new model, dubbed “Mona”, launched in August.\nThe company has sparked interest by uploading a video on Weibo showing XPeng’s AI robot pre-ordering Mona. \nBy the fourth quarter of 2024, the company aims to achieve further breakthroughs in smart driving technology, addressing common challenges like parking, roundabouts, and narrow paths. \nOn 7 November, Xpeng launched XPENG P7+, an AI-defined smart electric fastback sedan.\nThe company also held its AI day on 6 November where it unveiled plans for an extended range hybrid system, updates on its autonomous driving chip, and flying cars, among others.\nBeyond smart vehicles, XPeng is also venturing into robotics and flying vehicles. \nFounded in 2016, XPeng Robotics is currently developing a quadruped robot named XPeng Robot Pony. \nAdditionally, XPeng has recently made a groundbreaking debut with its flying car, the “AEROHT X2”. \nXPeng described this vehicle as a revolutionary piece of technology that is poised to transform urban mobility.\nThe company assures that its flying vehicles are designed to be safe, efficient, and eco-friendly. \nTo date, XPeng has completed over 20,000 test flights with its flying vehicles.\nIn a discussion with CNBC, the company revealed its goal to deliver its first flying car in 2026. \nThese two initiatives showcase XPeng’s dedication to diversifying its technological portfolio, making it stand out from other EV manufacturers. \nAttention Growth Investors: Our latest report, “The Rise of Titans,” gives you a front-row seat on the 7 most influential US stocks today. If you’re passionate about tech and growth, you can’t go wrong with our research. Downloading this FREE report could be the most strategic move you make this year. Click here to get started now.\nFollow us on Facebook and Telegram for the latest investing news and analyses!\nDisclosure: Aw Kai Rui does not own any of the stocks mentioned in this article.\n\n\n\nYahoo\n]","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Product Release","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484713241"}