XPeng Inc (XPEV)

[Timetravelerdos]

XPeng: Building up Momentum for 2H21!

“Following strong 1Q earnings, we expressed our belief that investor sentiment appeared to be bottoming out and XPeng was setting up for a large increase in vehicle deliveries in the 2H of the year, driven by the LFP battery roll-out, mid-cycle G3 refresh, and launch of P5 sedan,” the analyst said. “We remain confident that this is on track and XPILOT adoption could now potentially surprise to the upside, boosting gross margins and more importantly, demonstrating to investors that despite hyper-aggressive competition, XPeng is gaining meaningful traction among consumers.”
Later in the year, XPeng will start delivering the P5 sedan, for which pre-orders are already over 10,000. The exact pricing and specs will be released early in the 3rd quarter and the rollout will begin in Q4, with entry level trims expected to begin in the range between 150k to 200k RMB.

Sales are also expected to get a boost from an expanded physical store footprint. By the end of the year, the company should have roughly 300 locations compared to just 178 at the end of Q1.

https://finance.yahoo.com/news/xpeng-building-momentum-2h21-222942585.html