Shares of XPeng, a prominent electric vehicle (EV) manufacturer based in Guangzhou, experienced a notable increase of 2.5% on Friday, closing at $11.52 per share. This surge bolstered the company’s market capitalization to an impressive $10.86 billion, allowing it to surpass rival Nio in the competitive EV sector.
Under the leadership of Xiaopeng He, XPeng now occupies the position of the third most valuable Chinese EV company listed on U.S. exchanges. It trails only behind industry giants Li Auto, which holds a market cap of $26.2 billion, and Tesla, valued at a staggering $799 billion. This ranking focuses exclusively on companies listed in the U.S. and does not consider non-U.S. counterparts like BYD or Xiaomi.
The company’s stock has enjoyed a remarkable 52% increase over the past three months, driven in part by a significant uptick in deliveries, which have reached record highs in the last two months.
Looking ahead, XPeng is set to unveil its highly anticipated P7+ flagship sedan on November 7. The model was introduced at the Paris Auto Show in mid-October, where the pre-sale price of 209,800 yuan (approximately $29,455) was revealed. This new sedan has already garnered tremendous interest, racking up over 30,000 pre-orders in just the first hour and 48 minutes following the announcement.
Nio shares experienced a robust rise of nearly 26% in the same timeframe as the company commenced deliveries in China for its first sub-brand, Onvo. Additionally, Nio’s second sub-brand, Firefly, is set to be unveiled on December 21, with plans for the first model’s deliveries scheduled for the coming year.
The recent delivery figures reveal that Nio achieved 4,319 deliveries through its new Onvo sub-brand, alongside 16,657 deliveries from its primary brand. In contrast, during the same month last year, before the launch of any sub-brands, Nio’s deliveries were limited to 16,074 units.
Onvo’s inaugural model, the L60, was officially launched in May, with the first deliveries commencing in late September. Initially expecting to deliver 5,000 units in October, the company has now increased its estimates, aiming for 10,000 units by December and an ambitious 20,000 units by March of the following year.
Comparatively, the U.S.-based electric vehicle manufacturers Rivian and Lucid Motors concluded Friday with market capitalizations of $10.26 billion and $5.10 billion, respectively.
**Interview with Jane Doe, Automotive Industry Analyst**
**Editor**: Welcome, Jane! It’s great to have you here to discuss the recent developments in the electric vehicle market, particularly with XPeng and Nio.
**Jane Doe**: Thank you for having me. It’s an exciting time for the EV industry!
**Editor**: Let’s dive right in. We recently saw XPeng’s shares increase by 2.5%, closing at $11.52. What do you think drove this surge?
**Jane Doe**: A combination of factors likely contributed to this increase. Positive investor sentiment surrounding the electric vehicle market, XPeng’s strategic developments, and recent announcements about their vehicle models can create a favorable outlook. Moreover, with XPeng now surpassing Nio’s market cap, it shows a strong competitive edge in this rapidly evolving market.
**Editor**: That’s interesting! XPeng has now become the third most valuable Chinese EV company listed on U.S. exchanges. What does this ranking imply for the company’s future?
**Jane Doe**: It certainly positions XPeng well in the competitive landscape. Being third, behind only Li Auto and Tesla, indicates that investors are increasingly confident in their growth prospects. As they continue to innovate and possibly expand their market share, we could see a further appreciation in their stock price, as well as increased attention from potential investors.
**Editor**: Speaking of competition, how do you see XPeng’s rivalry with Nio evolving from here?
**Jane Doe**: The competition between XPeng and Nio is fierce. Both companies have unique strengths—Nio has established a solid brand presence with its premium electric vehicles, while XPeng focuses on smart technology and pricing strategies. Depending on who can better address consumer needs and trends, either company could take the lead. It’s going to be crucial for them to continue innovating to stay ahead.
**Editor**: what would you say to investors who are trying to decide between investing in Nio or XPeng?
**Jane Doe**: I would encourage them to look closely at each company’s fundamentals, growth strategies, and how well they adapt to changing market dynamics. It’s essential to analyze not just the current stock performance, but also their long-term vision in terms of product development and market expansion. Each has its own potential, so choosing one over the other may come down to the investor’s risk tolerance and investment strategy.
**Editor**: Thank you for your insights, Jane! It’s been a pleasure talking with you.
**Jane Doe**: Thank you for having me! I look forward to seeing how the EV market continues to evolve.
