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Highlights
- XPeng Inc. (NYSE:XPEV) delivered 10,412 vehicles in September.
- NIO Inc. (NYSE:NIO) delivered 10,628 vehicles globally in September.
- The revenue of XPeng Inc. (NYSE:XPEV) surged 536.7% YoY in RMB3.76 billion.
The stocks of XPeng Inc. (NYSE:XPEV) and NIO Inc. (NYSE:NIO) were gaining attention from investors on Friday. Both the auto stocks rose more than 3 percent in the pre-market trading.
The XPEV stock was priced at US$36.78, up 3.49 percent, and NIO traded at US$36.97, up 3.76 percent, at 9:00 am ET, from their closing price on September 30.
Here we explore the recent developments of the stocks.
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XPeng Inc. (NYSE:XPEV)
XPeng is a Guangzhou, China-based electric vehicle manufacturing company. It designs and develops smart electric vehicles.
On Thursday, the company announced its vehicle delivery stats for September and the third quarter of fiscal 2021. XPeng delivered a record 10,412 vehicles in September 2021, representing an increase of 199 percent YoY. It also delivered a record 25,666 vehicles in Q3, FY21, an increase of 199 percent YoY.
In Q2, FY21, the company's revenue increased by 536.7 percent YoY to RMB3.76 billion. However, it reported a net loss of RMB1.19 billion, compared to RMB146.04 million in Q2, FY20.
The firm has a market cap of US$30.59 billion and a forward P/E one year of -40.39. Its EPS is US$-1.29. The XPEV stock fell 19.41 percent YTD.
The company's highest and lowest stock prices for the last 52 weeks were US$74.49 and US$17.98, respectively. Its trading volume was 6,461,511 on September 30.
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NIO Inc. (NYSE:NIO)
NIO is a Shanghai, China-based automobile manufacturing company. It also designs and develops electric cars.
The company has recently provided its vehicle delivery report for September and the third quarter of 2021. It delivered 10,628 vehicles globally in September 2021, an increase of 125.7 percent YoY, while in Q3, 2021, it delivered 24,439 vehicles, representing an increase of 100.2 percent YoY.
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The company's total revenue surged 127.2 percent YoY to RMB8.44 billion in Q2, FY21. And it reported a net loss of RMB587.2 million, compared to RMB1.17 billion in Q2, FY20.
The market cap of the company is US$58.43 million, and the forward P/E one year is -45.10. Its EPS is US$-0.85. The stock value of NIO plummeted 33.39 percent YTD.
The highest and lowest stock prices for the last 52 weeks were US$66.99 and US$20.60, respectively. Its share volume on September 30 was 25,768,520.
Also Read: US stocks close in red on gloomy economic outlook
Bottomline
The automobile industry, especially the EV market, has been closely watched in recent months due to the global push for emissions-free vehicles. Many countries like the US, China, and others are working on reducing emissions from the auto industry to tackle global warming. Furthermore, the S&P 500 automobiles and components industry rose 14.14 percent YTD, indicating the sector's sustained growth. However, investors should evaluate the companies carefully before investing in stocks.
