XPeng, Inc. Class A (9868) AI Stock Analysis

• Market Cap: HK$161.67B
• Dividend Yield: N/A
• Average Volume (3M): 21.71M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.47
• Revenue Growth: 65.91%
• EPS Growth: 48.38%
• Country: HK
• Employees: 15,364
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): -0.54
• Shares Outstanding: 1,557,794,700
• 10 Day Avg. Volume: 17,136,958
• 30 Day Avg. Volume: 21,714,941
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$102.54
• Price Target Upside: 20.78% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 61 Neutral
• Price Target: HK$97.00 ▲(14.25% Upside)

XPeng's stock score is driven by strong technical indicators and impressive growth in deliveries and revenues. However, financial performance is hindered by ongoing losses and cash flow issues, and valuation remains a concern due to the negative P/E ratio.

Positive Factors

Revenue Growth

XPeng's significant revenue growth reflects strong market demand and effective sales strategies, enhancing its competitive position in the EV market.

Technological Advancements

XPeng's focus on AI and new product launches strengthens its technological edge, potentially increasing market share and customer loyalty.

International Expansion

XPeng's successful international expansion diversifies its revenue streams and reduces dependency on the domestic market, supporting long-term growth.

Negative Factors

Net Losses

Ongoing net losses indicate financial challenges that could hinder XPeng's ability to invest in growth and innovation, impacting future profitability.

Increased Expenses

Rising R&D and SG&A expenses may pressure margins, requiring careful cost management to ensure sustainable profitability and competitive positioning.

Cash Flow Challenges

Lack of cash flow from operations suggests difficulties in converting revenue into cash, potentially affecting liquidity and financial flexibility.

XPeng, Inc. Class A Business Overview & Revenue Model

Company Description

XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans under the P7 name; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, vehicle leasing, insurance agency, ride-hailing, technical support, automotive loan referral and auto financing, music subscription, and other services. XPeng Inc. was founded in 2015 and is headquartered in Guangzhou, the People's Republic of China.

How the Company Makes Money

XPeng, Inc. makes money primarily through the sale of its electric vehicles. The company's revenue model is centered around manufacturing and selling EVs, with a focus on incorporating cutting-edge technology to differentiate its products in a competitive market. In addition to vehicle sales, XPeng generates revenue from after-sales services, including vehicle maintenance and software updates. The company also leverages partnerships with technology firms and suppliers to enhance its product offerings and expand its market reach. XPeng's strategic focus on innovation and customer experience plays a critical role in driving its earnings.

XPeng, Inc. Class A Financial Statement Overview

Summary

XPeng, Inc. shows strong revenue growth, but persistent operational losses and cash flow challenges are concerning. The company's leverage is moderate, but profitability issues impact its overall financial health.

Income Statement

The company shows significant revenue growth, with a 33.20% increase from 2023 to 2024. However, profitability remains a challenge as evidenced by negative EBIT and net income margins. The gross profit margin improved to 14.31% in 2024, but the net profit margin is still negative at -14.17%, indicating ongoing operational challenges.

Balance Sheet

The company maintains a solid equity base with an equity ratio of 37.80% in 2024, but the high debt-to-equity ratio of 0.47 highlights leverage concerns. Despite these, the return on equity remains negative due to losses, pointing towards inefficiencies in generating shareholder returns.

Cash Flow

The cash flow statements indicate zero operating and free cash flow in 2024, suggesting cash flow management issues. The lack of operating cash flow to support net income reflects challenges in converting revenue into cash, impacting liquidity and financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	50.13B	40.87B	30.68B	26.86B	20.99B	5.84B
Gross Profit	7.46B	5.85B	451.15M	3.09B	2.62B	265.99M
EBITDA	-4.73B	-4.97B	-8.02B	-7.58B	-5.45B	-2.27B
Net Income	-5.09B	-5.79B	-10.38B	-9.14B	-4.86B	-2.73B
Balance Sheet
Total Assets	88.89B	82.71B	84.16B	71.49B	65.65B	44.71B
Cash, Cash Equivalents and Short-Term Investments	32.51B	32.72B	31.67B	30.79B	39.72B	33.01B
Total Debt	17.70B	15.94B	15.39B	11.07B	3.24B	2.29B
Total Liabilities	58.18B	51.43B	47.83B	34.58B	23.50B	10.28B
Stockholders Equity	30.71B	31.27B	36.33B	36.91B	42.15B	34.43B
Cash Flow
Free Cash Flow	0.00	-4.44B	-1.36B	-12.91B	-5.41B	-1.50B
Operating Cash Flow	0.00	-2.01B	956.16M	-8.23B	-1.09B	-139.77M
Investing Cash Flow	0.00	-1.26B	631.17M	4.85B	-33.08B	-4.41B
Financing Cash Flow	0.00	669.32M	8.02B	6.00B	14.63B	34.33B

XPeng, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 84.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9868, the sentiment is Positive. The current price of 84.9 is above the 20-day moving average (MA) of 83.46, above the 50-day MA of 78.19, and above the 200-day MA of 71.38, indicating a bullish trend. The MACD of 0.78 indicates Positive momentum. The RSI at 58.02 is Neutral, neither overbought nor oversold. The STOCH value of 88.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:9868.

XPeng, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0175	77 Outperform	199.83B	11.62	19.17%	1.67%	0.00%	0.00%
2333	76 Outperform	214.19B	11.47	16.07%	2.82%	3.94%	-6.40%
2015	73 Outperform	209.49B	25.48	11.33%	―	7.09%	-21.36%
1211	72 Outperform	1.06T	19.51	21.73%	1.28%	31.35%	38.96%
9868	61 Neutral	HK$161.67B	―	-13.27%	―	65.91%	48.38%
9866	57 Neutral	118.18B	-4.57	-379.72%	―	9.20%	-5.48%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

XPeng, Inc. Class A Corporate Events

XPeng Inc. Schedules Board Meeting to Review Financial Results

XPeng Inc. announced a board meeting scheduled for August 19, 2025, to review and approve the company’s second quarterly and interim results for the first half of the year. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction. The company will also host an earnings conference call on the same day, allowing stakeholders to engage with management and gain further understanding of the company’s operations and market positioning.

The most recent analyst rating on (HK:9868) stock is a Sell with a HK$35.00 price target. To see the full list of analyst forecasts on XPeng, Inc. Class A stock, see the HK:9868 Stock Forecast page.

XPeng Inc. Achieves Record EV Deliveries and Expands European Market Presence

XPeng Inc. reported a record delivery of 36,717 Smart EVs in July 2025, marking a 229% year-over-year increase and achieving over 800,000 cumulative deliveries. The company is expanding its presence in Europe with the launch of new models and has introduced advanced features in its vehicles, enhancing its competitive position in the global EV market.

The most recent analyst rating on (HK:9868) stock is a Buy with a HK$113.00 price target. To see the full list of analyst forecasts on XPeng, Inc. Class A stock, see the HK:9868 Stock Forecast page.

XPeng Grants 913,428 RSUs to Employees Under 2025 Scheme

XPeng, Inc. Class A has announced the grant of 913,428 Restricted Share Units (RSUs) to 44 employees under its 2025 Share Incentive Scheme. These RSUs are not subject to shareholder approval and are aimed at incentivizing employees, with vesting conditions spread over several years. The Hong Kong Stock Exchange has approved the listing of the new Class A ordinary shares underlying these awards, which indicates a strategic move to retain talent and enhance employee engagement without impacting major shareholders.

The most recent analyst rating on (HK:9868) stock is a Hold with a HK$40.00 price target. To see the full list of analyst forecasts on XPeng, Inc. Class A stock, see the HK:9868 Stock Forecast page.

XPeng Inc. Achieves Record EV Deliveries and Expands Global Footprint

XPeng Inc. reported a significant increase in vehicle deliveries for June and the first half of 2025, with a 224% year-over-year rise in June and a new quarterly record of 103,181 Smart EVs delivered in the second quarter. The company also launched its flagship model, XPENG X9, in Indonesia, marking a key step in its global expansion strategy, and achieved a high penetration rate for its autonomous driving technology in urban areas.

The most recent analyst rating on (HK:9868) stock is a Sell with a HK$35.00 price target. To see the full list of analyst forecasts on XPeng, Inc. Class A stock, see the HK:9868 Stock Forecast page.

XPeng Inc. Successfully Concludes 2025 AGM with All Resolutions Passed

XPeng Inc. announced the successful conclusion of its Annual General Meeting (AGM) held on June 27, 2025, where all proposed resolutions were passed. The AGM saw participation from shareholders holding a significant number of Class A and Class B Ordinary Shares, with some abstentions in line with the Hong Kong Listing Rules. The resolutions included the adoption of the company’s financial statements and the re-election of key executives, indicating a stable governance structure and continued strategic direction.

The most recent analyst rating on (HK:9868) stock is a Sell with a HK$35.00 price target. To see the full list of analyst forecasts on XPeng, Inc. Class A stock, see the HK:9868 Stock Forecast page.

XPeng Inc. Reports Record EV Deliveries and Launches Innovative MONA M03 Max

XPeng Inc. reported a significant increase in vehicle deliveries for May 2025, with 33,525 Smart EVs delivered, marking a 230% year-over-year growth. The launch of the MONA M03 Max, featuring advanced AI technology and human-machine co-driving capabilities, highlights XPeng’s commitment to innovation and accessibility in the EV market, potentially strengthening its position and appeal among younger users.

The most recent analyst rating on (HK:9868) stock is a Sell with a HK$35.00 price target. To see the full list of analyst forecasts on XPeng, Inc. Class A stock, see the HK:9868 Stock Forecast page.

XPeng Inc. Strengthens Governance with New Nomination Committee

XPeng Inc. has established a Nomination Committee to assist its Board of Directors in identifying qualified candidates for director positions and conducting annual reviews of the Board’s independence and qualifications. This move is part of XPeng’s efforts to strengthen its governance structure following its listing on the Hong Kong Stock Exchange, potentially enhancing its industry positioning and stakeholder confidence.

The most recent analyst rating on (HK:9868) stock is a Sell with a HK$35.00 price target. To see the full list of analyst forecasts on XPeng, Inc. Class A stock, see the HK:9868 Stock Forecast page.

XPeng Inc. Reports Strong Q1 2025 Financial Results with Significant Revenue and Delivery Growth

XPeng Inc. reported a strong financial performance for the first quarter of 2025, with total revenues reaching RMB15.81 billion, marking a 141.5% increase year-over-year. The company also saw a significant rise in vehicle deliveries, totaling 94,008 units, a 330.8% increase from the previous year. Despite a net loss of RMB0.66 billion, XPeng’s gross and vehicle margins improved, indicating enhanced operational efficiency. The company’s extensive network of 690 stores and 2,115 charging stations underscores its robust market presence and strategic focus on expanding its infrastructure to support growth.

The most recent analyst rating on (HK:9868) stock is a Sell with a HK$35.00 price target. To see the full list of analyst forecasts on XPeng, Inc. Class A stock, see the HK:9868 Stock Forecast page.