Electric vehicle maker XPeng (NYSE:XPEV) has earnings on Tuesday that will test a recent market rally.
XPEV – Weekly Chart
The price of XPEV has rallied strongly in 2025 to trade at $24.56. That leaves a marker at $23.68 which will act as support.
Analysts expect XPeng to deliver earnings of -$1.36 with revenue expected to come in at $16.11 billion for the quarter.
A number of research firms have been positive about the stock with Citigroup upgrading XPeng from a “neutral” rating to a “buy” with a target price of $13.70 to $29.00. UBS upgraded XPeng from a “sell” rating to a “neutral” rating.
XPeng has been part of a strong sales year in Chinese electric vehicles but the company is eyeing another financial stream. The stock jumped 15% after management talked about mass-producing flying cars and humanoid robots. The company is now being seen as a Tesla.
It will be interesting to see further EV sales data in the earnings after a recent drop in Tesla sales. That may be related to Elon Musk’s political moves and could boost companies like XPeng.
Another boost has been the official launch of the updated 2025 G6 electric SUV in China with cheaper pricing and faster charging speeds, making it one of the fastest-charging cars in the world. The new G6 is priced at 11% lower than the existing model the high-end version has also come down in price. Charging speeds have been improved significantly, with up to 80% charging in only 12 minutes. Wall Street analysts had been expecting over 400,000 deliveries in the quarter, but now some estimates see the figure falling below the 387,000 mark reported a year ago.
Over the last month, Xpeng has further expanded into overseas markets such as the UK and Australia.
