- Xpeng (NYSE:XPEV) is scheduled to announce Q2 earnings results on Thursday, August 26th, before market open.
- The consensus EPS Estimate is -$0.25 and the consensus Revenue Estimate is $515.55M.
- The company is underway expanding its exports to Europe with commencing its first shipment of the flagship P7 sedan to Norway.
- Overall, China sales are booming with Xpeng sales in July at 8,040 EVs, mostly P7s, up 228% Y/Y; it sold 38,778 EVs in the first seven months of the year, a 388% increase.
- Also, the company expanded production capacity in Zhaoqing manufacturing base with planned annual design production capacity to increase to 200K from 100K.
- A concern to cite are the Beijing moves for tightening regulation in the tech sector and a broad warning from SEC Chairman Gary Gensler on the risks of investing in Chinese companies.
- In the past 5-day trading session, the stock has gained 7.1%; Wall Street Analysts rating is Bullish on the stock, PT $51.43.