Xpeng Delivered Record 8,040 Vehicles in JulyThe company plans to have the P5 officially available in the third quarter of 2021, with deliveries expected in the fourth quarter of 2021.
XPeng Motors delivered 8,040 vehicles in July, its highest monthly delivery record, up 228 percent year-over-year and up 22 percent from June.
The company's flagship sedan, the P7, delivered 6,054 units in July, the highest monthly delivery record since its launch, XPeng's data released Monday showed. Cumulative deliveries of P7 reached 40,612 units since its launch in July 2020.
XPeng's compact SUV, the G3, delivered 1,986 units in July.
As of July 31, the company's total deliveries for the year reached 38,778 units, up 388 percent year-over-year.
XPeng previously said the P7 sedan with lithium iron phosphate (LFP) batteries has seen strong demand since its launch in March this year. Deliveries of the model began in May, with sales increasing 27 percent in that month compared to April.
In March, XPeng announced the launch of the P7 and G3 with LFP batteries, with deliveries of the former starting in May and the latter in April.
The new P7 is available in two variants a combined range of 480km.
The new P7 is equipped with Xmart OS in-vehicle intelligence system, with the lower-priced version equipped with XPILOT 2.5 + automatic driving assistance system, priced from CNY 229,900 (USD 35,600).
The higher-priced version is equipped with XPILOT 3.0 automatic driving assistance system, priced from CNY 239,900.
Together with the newly released model with LFP battery, the XPeng P7 is now available in four models: rear-wheel drive standard range, rear-wheel drive long-range, rear-wheel drive extra long range and four-wheel-drive high performance. Their price range covers CNY 229,900 to CNY 339,900.
This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
Electriccars
EV's - SOLOThere's been some buzz around EV's lately, thinking they gain some traction soon. I took a swing trade position in SOLO earlier this year and got caught on the move down, Sold it now looking to rebuild position and retry this one. Accumulating shares in here.
XPEV price targetsEven though i consider XPEV to be the real Tesla of China, because of the cheaper cars and the technology "stolen" from Tesla, i still think it will revisit the 29usd support short term.
Remember that this is not a profitable company and is still dependent on raising capital for its cars.
in 2020 XPEV revenue was 5.84B, but the Earnings were negative, -2.73B. They also missed the Q3 and Q4 earnings estimates last year.
Jim Cramer (Mad Money) on China's tech crackdown: You can't own Chinese stocks!
ARK Invest dumps Chinese stocks.
It seems dangerous to hold Chinese stocks right now.
US-listed Chinese companies have three years to comply with US accounting oversight, to comply with the rules of accounting and transparency that American public companies must follow, if not they will get delisted.
This looks like the beginning of China`s stock market crash.
I`m looking forward to read your opinion about this!
Canoo Long Target1st Long term target: +100% from current prices
have included some resistance points where you can take profit if you want to as well
will post 2nd Long term target when the first is hit
Nio Was the Next Tesla. Is This Stock the Next Nio?Electric cars have been one of the most explosive industry groups in recent memory, and now traders may have another name to focus on: smart-vehicle maker XPeng.
Several patterns stand out on the Guangzhou-based company’s chart. First, prices recently tested and held the $37.50 area. That was support in late December and resistance in March and April. It’s also near the 200-day simple moving average (SMA).
Second, notice how the 50-day SMA is on the verge of crossing up and through the 200-day SMA. A “golden cross” could be coming.
Third, stochastics are rebounding from an oversold condition.
The fundamentals are also potentially positive, with deliveries up more than 600 percent last month. (The sequential gain also increased from 10 percent in May to 15 percent in June.) Additionally, the company successfully priced an initial public offering in Hong Kong, which removes some potential uncertainty.
In conclusion, we spotted the breakout potential in Tesla in late 2019 . We noted early last year how Nio could be the next Tesla . Now the big question is whether XPEV could be the next NIO?
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NIO for long till December 2021.Bullish trend with consolidationBullish trend with consolidation,
press release is discussed according to the month,
just an idea , not the financial advice.
Good luck.
Don't Forget to comment me and like me...and also let me know if you want me to make a video about the NIO and other E.V. Stocks I can break down all the strategies which i use as a trader and long term investment both.
TESLA Potential BREAKOUT!Since the major breakout in November of last year, Tesla has been trading in a downward trend. Now we're on the verge of a possible bullish breakout. The price has been forming a triangle structure since the start of this year. As seen in the chart, TSLA has managed to break two resistance levels of the triangle pattern. We even see a re-test of the breakout on July 8th. Price also seems to be gaining momentum with three bullish candles since the re-test as well as a strong gain yesterday.
GOEV: Buy setup formingBuy setup seems to be developing. Maybe we shall see a reversal finally, or just more bearish corrective teasing?
What do you think?
KGRN - The Hidden Gem ETF 💎KGRN is an environmental ETF based in China. China is only at 31% capacity for renewable energy with huge room for improvement.
This ETF holds some of the top Chinese electric car companies. As we all know the Chinese market is the largest in the world and as their economy grows so will their push towards becoming more environmentally friendly. This ETF captures the growing market in a rapidly developing sector.
This ETF is a long-term hold and buying when the price drops.
Xpeng: Is now the time? 🤑🤑🤑A lot of you have asked for an update of our Xpeng analysis. With the ongoing testing oo the resistance at $37.50, we are at a crucial stage of the price development. If the price is able to hold this level now, we believe that the way is paved for a strong bullish run. Also, we have adapted our price target for wave 3 in green, as we set it to $109.25 - $118.93. So, the expectation is still extremely bullish, but it remains to be seen whether we can stay above $37.50.
Don’t miss this chance!
CHPT - Amazing Entry Time-We’ve seen a brutal bear market tear through growth stocks. While that has helped shake out some weak hands, it has also brought down high-quality stocks too. For instance, ChargePoint (NYSE:CHPT) is down massively from its highs, as investors dump CHPT stock and its peers.
-The company was founded in 2007, so it’s not a flash-in-the-pan new arrival looking to take advantage of a hot trend and make a quick buck. The company has more than 132,000 charging locations in North America and Europe. That number swells to almost 160,000 locations when taking into account integrations with other networks.
-Further, ChargePoint has “more market share (at more than 70%) in networked level 2 charging than the closest competitor in North America.”
-More importantly, it has the “largest online network of independently owned EV charging stations operating in 14 countries and makes the technology used in it.” As the trends in EV continue to push further, so too does business for ChargePoint. Consensus expectations call for solid growth as a result.
-If we can see 40% growth this year, then 69% next, then 75% in the following year, we are talking about several years of strong and accelerating growth.
-If this company is doing almost $1 billion in revenue in just a couple of years, We believe it’s undervalued today.
-There has been an enormous push toward electric vehicles (EVs). That’s evident by new entrants, momentum in the stocks and in vehicle sales. Heck, the largest EV producer in the world just said it’s sold out for the quarter already. At one point, its market cap swelled to the point where it was larger than every other automaker in the world.
-More and more drivers are realizing the benefits to EVs. Longer driving ranges are easing what’s referred to as “range anxiety,” but so too is ChargePoint.
-As more EVs come to market from more producers, consumers will inevitably need more charging stations. The leading EV producer in the U.S. built its own network for its customers. At the time, it needed to, to help persuade customers to buy its vehicles.
Elliott Waves Analysis: TESLA UPDATEHello traders and investors!
We want to update Tesla chart, which is moving nicely lower as expected and looks like there's room for more weakness.
Well, on April 15th we have noticed nice and clean bearish setup formation and as you can see, since then it's moving perfectly to the downside towards projected 500-400 support zone.
We are talking about A-B-C corrective movement from the highs and because wave C is a motive wave, it has to be completed by a five-wave cycle. As you can see, wave "v" of C is still missing, so watch out for another, maybe final decline before we will see a bigger recovery on Tesla again.
Trade smart!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Ford is the new Tesla, long to $80Price is looking like it wants to retest the top of this trading range at $19. If it breaks, Ford is going to Mars.
The market's trend has been bullish on companies moving to electric vehicles. Reference $NIO and $TSLA. Ford making this move and going "All in" on electric vehicles is respectfully in my opinion, uber-bullish.
Technical analysis: RSI in bullish territory on the weekly. Record level volume. Great support tap off the heartline of this trading range. All signs lead to higher prices.
I am long here. This is not financial advice, I am an ape.
Something also to note. Tesla's market cap is 600 billion, while Ford's is 58 billion. Tons of upside potential for Ford if they do this electric vehicle thing right.
Tesla cult members, the title is satirical, please do not kill me.
Tesla Holds Support as Relative Strength Turns PositiveAfter months of weakness, Tesla may be charged for another move to the upside.
Some interesting patterns have recently appeared on the electric-car maker’s chart.
First is the false breakdown below $550 on May 19. This was followed by a rebound back above the 200-day simple moving average (SMA). Interestingly, it was TSLA’s first test of the 200-day SMA since the dark days of March 2020.
Next, MACD turned positive yesterday following a month in the red.
Third, TSLA is starting to outperform the broader market. This chart shows our Smart Relative Strength indicator, comparing price action to the S&P 500 over the last 10 days. Notice how it just eked above zero yesterday.
The developments come at an interesting time for the ESG group in general. A court in Holland just ordered Royal Dutch Shell to reduce carbon emissions. Ford Motor also raised its electric-vehicle goals. EV stocks and solar energy have paused this year following big rallies in 2020, and now TSLA could be signaling a return to the industry.
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