XPeng Inc Class A

XPeng delivered 32,158 vehicles in May, a 4% increase month-on-month, with January–May deliveries projected to cut greenhouse gas emissions by about 2 million tons versus ICE vehicles. Citi lowered its price target on XPeng from $25.60 to $22.50, citing margin pressure from rising battery and memory chip costs but kept a Buy rating. The firm plans trial passenger operations for its robotaxi service in the third quarter. » Altro su finance.yahoo.com

He Xiaopeng will, with immediate effect, personally become CEO of the robotics unit and is to advance series production of the humanoid IRON robot. Xpeng plans series production by the end of 2026, tests in branches and commercial deliveries from 2027 in China and internationally. The move follows the departure of a senior robotics manager and comes as the company positions robotics hardware and AI models as future revenue and margin drivers; however, the first quarter showed a decline in revenue and widened net losses. » Altro su de.investing.com

Macquarie raised XPeng to Outperform from Neutral with an unchanged $19 price target, citing a margin-driven Q1 beat including over ¥2 billion in other revenue from VW technical services and improving volume momentum. Bank of America raised its price target to $25 and kept a Buy rating, highlighting overseas sales that made up 20% of revenue and management’s target of >10,000 monthly overseas units by Q4. XPeng reported Q1 revenue of $1.89B, deliveries of 62,682, gross margin above 20%, and expects Q2 deliveries of 100,000–106,000 vehicles while advancing robotaxi and humanoid robot programs. » Altro su finance.yahoo.com