Zacks Ranks stocks can, and often do, change throughout the month.

Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Now, for example, G9 with its highest configuration model, fully compatible with the supercharging facility, all the configurations, and other models actually G9 dotbig — other versions of G9 actually support three supercharging function. Now there are two things that we need to focus on when we talk about the supercharging network construction. One is development and the design of our vehicle products to support this kind of high voltage supercharging function. With the G9, we have taken electrification, smart technology, and platform development architecture to new heights.

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And also, we can see that some of the traffic in the stores are less than what we’ve seen before because post-COVID situation. And also, I think there’s a part also due to that before the new model launch and deliveries, there are a little bit of people waiting to compare to existing purchases. So all that, I think you will see both from our experience as well as XPEV stock price today from peers performance as well. On the margin front, I think what I would say is that the promotions that we offer to the models actually is less than the price increases that we made in the second quarter. Our total revenues were RMB 7.4 billion for the second quarter of 2022, an increase of 98% year over year and equivalent to the level of the last quarter.

Revenues from vehicle sales were RMB 6.9 billion for the second quarter of 2022, an increase of 94% year over year and a decrease of 0.9% dotbig forex from the last quarter. The year-over-year increase was mainly attributable to higher vehicle deliveries, especially for the P7 and P5.

So this is kind of the RMB-dominated assets held by the U.S. subsidiaries. Let me further explain the so-called the currency law exchange loss from the foreign https://dotbig.com/ currency transaction. And our next question today comes from Paul Gong with UBS. And our next question today comes from Bin Wang with Credit Suisse.

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Our R&D expenses were RMB 1.3 billion for the second quarter of 2022 and increased 46.5% year over year and an increase of 3.6% quarter over quarter. XPeng’s self-operated supercharging network will further compound our advantages in electrification, technologies, and establish competitive values. Our well-established self-operated supercharging network already features one of the broadest coverage and the best customer experience among China’s independent EV brands. As of early August, the number of XPeng’s self-operated supercharging stations reached 1,000, which is a new milestone. To need to fully support the mass delivery of our vehicle models featuring 800-voltage high-power charging, we in-house developed 480-kilowatt supercharging stations surpassing the industry’s benchmarks in terms of performance and costs. With respect to smart technology configurations based on our industry-leading CD navigation guided pilots, or CD NGP, G9 will provide our next-generation full scenario advanced driving assistance system to market.

• Now we do conduct collaboration in terms of the R&D of the development of the batteries with our suppliers and our partners.
• I’d like to turn the conference back over to the company for closing remarks.
• The Ministry of Natural Resources recently announced a pilot project that high-definition maps applicate in smart driving vehicles in six cities, including Beijing, Shanghai, and Guangzhou.
• You can also view the earnings press release by visiting the IR section of our website at ir.xiaopeng.com.
• So this is kind of the RMB-dominated assets held by the U.S. subsidiaries.
• Solid, the Chinese electric vehicle maker provided much weaker guidance than expected.

To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price. Several analysts have recently issued reports on https://dotbig.com/markets/stocks/XPEV/ shares. Citigroup reduced their target price on XPeng from $51.59 to $27.87 and set a “buy” rating on the stock in a report on Wednesday. Nomura lowered XPeng from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $64.60 to $36.30 in a report on Thursday, June 30th. Bank of America dropped their price objective on XPeng from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Tuesday, May 24th.

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The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. “So we do think there is a strong chance and strong confidence that we are going to a growth cycle, led by our new product launches,” Gu said. On Tuesday, Xpeng reported a net loss of 2.7 Forex news billion Chinese yuan ($403.2 million), wider than the 1.6 billion yuan expected according to Refinitiv consensus estimates. Xpeng said it is confident that the launch of the G9 SUV in September and two new models in 2023 will help it enter a “growth cycle.” C2 Chart Comprehensive and Customizable chart allowing you to plot indicators, chart events and compare stocks in one frame.

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Now for the first half of this year, there were a total of about 10 types of chips that were in high risk of supply shortage. What I answered before this question, the new B class model product in terms of size https://dotbig.com/ and in terms of price points will be different compared to G9. It will be positioned also very differently and competing with a very different segment. And also next year, the new models are not sedan models.