Back to top
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
NIO Inc. (NIO) - $25 value - yours FREE >>
Byd Co., Ltd. (BYDDY) - $25 value - yours FREE >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NIO Inc. (NIO) - $25 value - yours FREE >>
Byd Co., Ltd. (BYDDY) - $25 value - yours FREE >>
Image: Bigstock
XPeng (XPEV) Q2 Loss Narrows, Sales Jump Y/Y on Solid Deliveries
XPeng (XPEV - Free Report) reported second-quarter 2021 loss per share of 23 cents or RMB1.50, narrower than the year-ago loss of RMB 6.29 owing to higher revenues. The China-based electric vehicle maker posted revenues of $582.5 million, up a whopping 536.7% year over year.
XPeng Inc. Sponsored ADR Price, Consensus and EPS Surprise
XPeng Inc. Sponsored ADR price-consensus-eps-surprise-chart | XPeng Inc. Sponsored ADR Quote
XPeng delivered 17,398 vehicles in the second quarter of 2021, skyrocketing 439% year over year. P7 Model accounted for more than 66% of the total deliveries. Among the total P7s delivered during the quarter under review, 97% supported XPILOT 2.5 or XPILOT 3.0.
Revenues generated from vehicle sales amounted to $551.1 million, representing a 562.4% jump from the corresponding quarter of 2020. The increase in vehicle sales was mainly attributed to higher deliveries achieved from a better product mix offered to customers. Other sales amounted to $27.4 million, 256% higher than the year-ago period.
Importantly, vehicle margin for the reported quarter was 11% versus the year-ago period’s negative 5.6%. Higher delivery volumes and average selling price as well as lower material cost led to the improvement in vehicle margin. Gross margin was 11.9% compared with 2.7% in second-quarter 2020 on the back of robust sales and increased vehicle margin. R&D and SG&A costs were $133.7 million and $159.6 million, reflecting a year-over-year surge of 170% and 116%, respectively.
Cash and cash equivalents totaled $2,392.1 million as of Jun 30, 2021. Long-term debt was $247.2 million.
XPeng — which shares space with NIO Inc. (NIO - Free Report) , Li Auto (LI - Free Report) and BYD Co Ltd (BYDDY - Free Report) in the same industry — expects third-quarter 2021 deliveries in the band of 21,500-22,500 vehicles, signaling a year-over-year uptick in the range of 150.6-162.3%. Revenues are envisioned in the range of RMB 4.8-5 billion, indicating a year-over-year jump of 141.2-151.3%. XPeng currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.