XPeng Inc ADR
XPEV: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $26.80 | Ccf | Jnldrwb |
Leading NEV Manufacturer With Advanced In-House Autonomous Driving Technology
Business Strategy and Outlook
XPeng is a leading electric vehicle, or EV, manufacturer in China, targeting the midrange to high-end segment and tech-savvy consumers. It is mass producing three pure electric models: the G3/G3i compact sport utility vehicle, or SUV; P7 midsize sedan; and P5 compact sedan. Retail prices of the current model portfolio range from CNY 150,000 to CNY 300,000 for popular trims, which offer a driving range of roughly 460-700 km. For its new model pipeline, XPeng plans to launch a mid-to-large SUV G7 in the second half of 2022, with expected retail price of above CNY 300,000, and 2-3 new cars each year from 2023 onward.