XPeng seeing 43% growth in vehicle sales for July 2022
August 2, 2022
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XPeng ($NYSE:XPEV) saw a 43% year-over-year increase in vehicle sales for July 2022, delivering a total of 11,524 vehicles. This includes 6,397 P7s, the company’s smart sports sedan, 3,608 P5 smart family sedans, and 1,519 G3i smart compact SUVs. This will have a positive impact on the company’s market share and earnings in the long term.
XPeng Inc. saw its stock price rise by 0.2% on Monday after it announced that it expects to see 43% growth in vehicle sales for July 2022. XPeng is a leading Chinese electric vehicle manufacturer and has seen strong growth in recent years as the global market for electric vehicles has expanded.
Company’s fundamentals reflect its long term potential. The intrinsic value of XPENG shares is around $66.2, calculated by VI Line. Now XPENG stock is traded at $24.5, undervalued by 63%.
The company sells EVs under the XPeng and G3 brands. This news caused the stock price to rise by 0.2% the following day. Investing in XPeng could be a good opportunity for those looking to profit from the growing EV market in China. The company is seeing strong sales growth and is expanding its production capacity. XPeng also has a strategic partnership with Volkswagen Group, which gives it access to technology and expertise.
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