Is Xpeng better than Nio?
XPeng Vs. NIO: Which EV Stock Is The Better Buy The EV industry experiences high growth rates and there are many new market entrants. NIO and XPeng belong to the highest-growth EV companies and have a lot of potential in their home market China. Both have some unique offerings, trade at a discount compared to Tesla, and grow more quickly.
Is Nio stock a better buy than xpev stock?
Bottom Line: NIO Stock Vs XPEV Stock Based on the profile of both Chinese EV giants, they are not exactly direct competitors. Nio has a strong position point with its comprehensive battery service. It is also planning expansions to other markets and has 3 new EVs in the pipeline with an aggressive increase in production capacity.
How did Xpeng and NIO’s sales perform in 2020?
NIO reached almost 44,000 vehicles delivered in 2020, while XPeng more than doubled its volume versus 2019 to 27,041. Both companies have recently introduced sedan models that each hopes will be significant drivers of future sales growth.
How do Nio and Xpeng compare to Tesla in China?
Looking at market share, we see that NIO sells about one in every 20 EVs in China, while XPeng, due to its smaller size, sells about one in every 35 EVs. Both have bigger peers in their home market China, including Tesla, but at the same time, both NIO and XPeng are growing faster than the market.
Why is XPeng doing better than NIO?
Thanks to the recent increase of the overall capacity, XPeng has better chances to significantly improve its deliveries in the following months and expand its market share. XPeng has better chances to appreciate in the following quarters, which makes its stock a better investment than NIO.
Is XPeng a good stock to buy right now?
XPeng stock should not be bought right now. The IPO stock is showing excellent revenue growth but no earnings. This would still qualify the stock as buyable but shares are not in the position technically to support initiating a position. Wait for the stock to set up in a new base.
Is it good to buy NIO stocks?
NIO Stock Is Still Far From Being a Bargain Nio is a speculative tech stock and doesn't expect to generate a profit until 2024. The price-to-earnings multiple based on earnings per share for 2024 is still considered quite high, more than 60 times.
Will XPeng shares go up?
XPeng's share price went above the $50 mark in late-November 2021 after it released better-than-expected Q3 2021 results and Q4 2021 guidance. But XPEV's shares have halved year-to-date in 2022, given the valuation de-rating for growth stocks, concerns regarding potential revenue misses for 2022, and delisting fears.
Is XPeng overvalued?
XPeng is also exploring business opportunities in data technology including autonomous driving and smart connectivity. XPeng is operating and growing like a true start-up. Almost all of the company's financial metrics are up triple-digit year-over-year. Based on a fundamental analysis, XPEV appears overvalued.
Will XPeng recover?
After hiking prices by a few thousand U.S. dollars in March, Xpeng has seen a recovery in demand in regions not affected by the latest Covid lockdowns in China, Brian Gu, vice chairman and president, said Tuesday in an exclusive interview on CNBC's "Squawk Box Asia."
Is NIO overvalued 2021?
NIO Is Still Overvalued Despite a significant haircut to NIO's valuation since the summer of 2021, the stock remains overvalued. NIO has a revenue multiple of seven and no profits. Other EV stocks are also expensive when P/S and P/B ratios for 2021 are considered.
Is NIO a good stock to buy 2022?
Hence, the current consensus estimate for NIO in the fiscal second quarter ending June 2022 calling for a 35.5% year-on-year growth in revenue to $1.77 billion looks to be rather unachievable. Recall that NIO delivered 21,896 vehicles in the second quarter of 2021.
Will NIO recover in 2022?
In all of 2022, analysts polled by FactSet expect Nio to almost double losses to 59 cents per share. Revenue is seen jumping 60% for the year. They forecast Nio will sharply narrow losses to 19 cents per share in 2023 as revenue grows 71%, as new EVs launch and chip headwinds ease.
What is the target price for XPeng stock?
Stock Price TargetsHigh$411.51Median$241.23Low$84.33Average$253.95Current Price$28.17
Is XPeng undervalued?
Overall, XPeng is among the top undervalued growth stocks to consider.
Will NIO follow Tesla?
Chinese EV Darling Nio Is Poised to Follow in Tesla's Footsteps.
Nio ( NIO)
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With a market capitalization of $47.7 billion, Nio has a huge presence in China's EV industry.
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What is Xpeng Inc?
TipRanks is the most comprehensive data set of sell side analysts and hedge fund managers. TipRanks' multi-award winning platform ranks financial experts based on measured performance and the accuracy of their predictions so investors know who to trust when making investment decisions.
What is a Nio?
Xpeng Inc. is a leading smart EV company that designs, manufactures, and markets smart EVs that are integrated with advanced AI and autonomous driving technologies. The company recently announced that it was able to raise $78 million in a new round of investment from the Guangdong provincial government.
How Do These 2 Top EV Stocks Stack Up Against Each Other?
Nio (NIO) Nio is an electric-vehicle maker that has seen huge success both in China and the stock market. The company is arguably one of the most successful EV companies in terms of growth today. av-override.
How many vehicles did Nio deliver in the first quarter?
Everyone wanted a piece of the red-hot EV industry. From traditional automakers to new EV start-ups, all are scrambling in a race to capture more market shares as the industry heats up. We saw today that Tesla ( NASDAQ: TSLA) reported its first-quarter deliveries of 184,800 vehicles, beating analysts’ expectations.
How much is Nio battery discount?
From its quarterly update, Nio said that it delivered 20,060 vehicles in the first quarter. That’s ahead of the roughly 19,500 it had forecast when it announced a temporary production halt last week.
How far is Xpeng's P7?
Nio offers substantial discounts of up to $11,000 when customers subscribe to its battery pack usage. Nio’s strength is at its post-purchase service. Most importantly, EV owners can conveniently replace or upgrade batteries with ease. Let’s examine how Nio has fared thus far.
Is Nio a competitor?
Utilizing a fleet of Xpeng’s P7 lineup, it is set to become the longest autonomous driving expedition in China. The expedition will cross a total distance of 3,675km across six provinces.
How much is XPeng worth in 2020?
Based on the profile of both Chinese EV giants, they are not exactly direct competitors. Nio has a strong position point with its comprehensive battery service. It is also planning expansions to other markets and has 3 new EVs in the pipeline with an aggressive increase in production capacity.
What is a NIO?
XPeng sales were just $1 million in 2018 and this figure is forecast to touch $831 million in 2020 and $4 billion by 2022, according to Wall Street analysts. These enviable estimates make XPeng one of the most attractive growth stocks in the EV space right now.
How many vehicles did NIO deliver in 2020?
NIO (NIO) NIO is one of the top EV companies in China, where the government is encouraging the adoption of clean energy and providing several subsidies. According to Bank of America (BAC), NIO and Tesla account for close to 90% of the premium EVs sold in China which means these two giants are raking in profits where it matters.
What is XPeng battery lease?
In the first 11 months of 2020, NIO has delivered 36,721 vehicles, up 111% year-over-year.
What is the name of the electric car that NIO sells in China?
XPeng’s approach to battery leases is likely meant to lower vehicle costs and to make a bit of extra cash on leasing batteries. NIO, however, builds its own charging station network and creates an open-ended battery subscription program. This subscription program may be a better way to maximize long-term revenues because buyers that sign up for BaaS will always share in the benefits of the newest advancements in battery technology. To improve the density of its network (and increase the appeal of its subscription program), NIO has said that it plans to build 4,000 battery swapping stations by 2025. Guidance was made at NIO’s Power Day in Shanghai earlier this month at which the EV maker also said it will increase the number of battery swap stations from 500 to 700 this year. This is a 40% increase in stations to be built by year-end compared to the previous station target and it means that NIO and its partners are expecting to build almost 60 battery swap stations every single month in 2021!
How many vehicles did NIO deliver in 2020?
NIO is currently selling three different models to customers in China: The 5-seater electric SUV, ES6, the 5-seater electric coupe SUV, EC6, and the 6-seater or 7-seater electric SUV, ES8. XPeng offers two different cars at the moment: The G3, a 5-seater electric compact SUV, and the P7, which is a battery-powered mid-sized sedan.
Is NIO bigger than XPeng?
NIO delivered 43,728 vehicles in 2020 as factory output increased and customer demand for EVs remained high even during the pandemic. NIO sold 113% more EVs during the pandemic year than in 2019. XPeng delivered 27,041 vehicles in 2020 for the same reasons: Strong customer uptake driven by subsidies. XPeng grew sales at 112% year-over-year. NIO delivered 8,083 vehicles in June 2021 (116% Y/Y growth), while XPeng oversaw a delivery of 6,565 vehicles (617% Y/Y growth. Second quarter deliveries for NIO were 21,896 vehicles (up 112% Y/Y) and XPeng’s Q2 deliveries were 17,398 vehicles (up 439% Y/Y). Both companies saw record-high deliveries in June and Q2’21.
Is the EV market blossoming?
Both EV makers are set to release new models, which will drive more growth. While NIO is larger than XPeng, growth rates may be bigger for XPeng due to its smaller revenue base. With valuations being about the same for both companies, there is one key difference between these two EV makers.
Is XPeng profitable?
The EV market is blossoming so NIO and XPeng are primed for a few more years of stellar sales growth. But new EV models and rising competition will start to have an effect on pricing and margins at some point. While this is a longer-term challenge for EV makers, it is a challenge nonetheless.
How many EVs does NIO sell in China?
Both NIO and XPeng are not profitable and might not be profitable for a while. The roll-out of NIO’s charging station network, especially, takes time and money, but it is an investment in the long-term future of the company. XPeng might be profitable sooner than NIO, in part because of its “battery lease” model, but both companies are going to be valued based on the potential for sales and delivery growth.
How much will NIO revenue be in 2023?
Looking at market share, we see that NIO sells about one in every 20 EVs in China, while XPeng, due to its smaller size, sells about one in every 35 EVs. Both have bigger peers in their home market China, including Tesla, but at the same time, both NIO and XPeng are growing faster than the market.
How many EVs will China have in 2020?
NIO is forecasted to grow its revenues to $5.4 billion this year, with another 59% growth forecasted for 2022, while revenues for 2023 are expected at $12.5 billion (up 45% versus 2022's expected revenues).
How many electric cars will be sold in China in 2021?
In 2020, 1.3 million EV s were sold in China, which represents about 40% of the global EV market. Forecasts see a 50% increase in EVs being sold in China in 2021, ...
Is NIO cheaper than Tesla?
Forecasts see a 50% increase in EVs being sold in China in 2021, which gets us to an estimated 2.0 million electric vehicles being sold in China this year. The high growth rate in their home market has been a major driver for both NIO's and XPeng's growth.
Is NIO bigger than XPeng?
It is noteworthy that NIO and XPeng are less expensive despite delivering stronger growth rates on a relative basis.
Which country has the most EVs?
Among the two, NIO is the larger one by both vehicle deliveries and revenues, which is also reflected in its higher valuation. XPeng, however, with its strong expected growth, will also become a much larger player in this space over the next couple of years.
How much did Xpeng raise?
China is one of the biggest EV markets in the world, and the biggest overall automobile market globally. Chinese politicians have ambitious goals of increasing the amount of EVs on the country's roads, partially due to a need to reduce local emissions in order to fight smog troubles.
How many vehicles will be delivered by Nio in 2020?
Xpeng has recently announced that it was able to raise $76.9 million in a new round of investment from Guangdong Yuecai Investment Holdings Co., a dedicated investment arm of the Guangdong provincial government. The investment is meant to support both Xpeng’s EV production and R&D for its autonomous driving.
What is the longest autonomous driving expedition in China?
Reaching 44,000 vehicles delivered in 2020 may seem small for Nio, but it is a feat since the company focuses primarily on premium SUVs. Such specialization definitely created a following among EV users, As CFO Feng highlighted, “ Nio’s EV is admired for its interior design, handling & suspension, and a post-purchase service ”. The post-purchase service is Nio’s strength, where its EV owners can replace or upgrade its batteries with ease.
Is Xpeng a competitor of Nio?
To highlight its market sophistication in autonomous driving technology, Xpeng has kicked off an autonomous driving expedition. Utilizing a fleet of Xpeng ’s P7 lineup, it is set to become the longest autonomous driving expedition in China. The expedition will cross a total distance of 3,675km across six provinces.
Is Nio expanding overseas?
Robust Product Lineups. It’s worth pointing out that Xpeng focuses on more affordable segments in comparison with Nio. You could say they are not direct competitors. Besides its compact G3 SUV Lineup, Xpeng released a P7 electric sedan back in June 2020.
Is Nio leading the Chinese EV market?
Nio’s Set On Expansion Overseas. While consolidating its foothold in China, Nio has already set its eyes on expanding its reach to the European market later this year. The company may be looking at capturing a considerable market share in China.
When will XPeng report its results?
On the other hand, Xpeng has its lead on autonomous driving technology, strong growth numbers, and varied vehicle and battery lineups. While it is safe to say Nio is currently leading the Chinese EV market, continued progress between the two will keep both companies neck and neck for the crown of Chinese EV automakers in the east.
When did XPeng go public?
XPeng will report its first-quarter results on 13 May.
How to invest in Chinese EV stocks?
The company went public on the New York Stock Exchange (NYSE) in August 2020 with the ticker XPEV. XPeng delivered 5,147 EVs in April and 18,487 EV in the January-April period, the latter of which was a 413% increase from the first four months of 2020. XPeng announced its third model in April, which it plans to start delivering in ...
How many vehicles will NIO make in 2021?
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