XPEV: Jul shows strength of new product cycles

2023-08-02

Image

Xpeng (NYSE: XPEV) delivered 11,008 vehicles in July, up 27.70 percent from 8,620 in June, its sixth sequential increase in monthly deliveries. The G6 delivered more than 3,900 units in July. Xpeng deliveries in July exceeded their expectations and expects the company to deliver 15,000 units in August or September.

This means that their new line up of EV's are selling well. This growth is awesome and will only trend higher going forward. With VW now a strategic and vested partner, expect greater things to come. XPEV will breach $50 by end of year, however I am expecting it to be more like $75. Keep in mind the stock is up around 100% since beginning of the year, so not sure why people are complaning about the current stock price. The stock price will end up much higher by end of year. EV's are the FUTURE! $XPeng Inc.(XPEV)$

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EV's are the FUTURE! <a data-mention-id=\"XPEV\" class=\"teditor-mention\" data-mention-name=\"XPeng Inc.\" href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$</a> </body></html>","htmlText":"<html><head></head><body><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/f427c2e5945414174f0a1dde2c958e58\" tg-width=\"680\" tg-height=\"341\">ImageXpeng (NYSE: XPEV) delivered 11,008 vehicles in July, up 27.70 percent from 8,620 in June, its sixth sequential increase in monthly deliveries. The G6 delivered more than 3,900 units in July. Xpeng deliveries in July exceeded their expectations and expects the company to deliver 15,000 units in August or September.This means that their new line up of EV's are selling well. This growth is awesome and will only trend higher going forward. With VW now a strategic and vested partner, expect greater things to come. XPEV will breach $50 by end of year, however I am expecting it to be more like $75. 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