Analysts Project This Stock Could Jump to $14 a Share. You Can Still Invest for $3.50.

The AI company making heart disease easier to detect is offering investors $3.50 investment units that include one convertible preferred share and one warrant, providing investors with access to 2 common shares. Based on analyst 1- year projections, that amounts to a near-term 500% return potential.

What's Going On With Chinese EV Maker XPeng Stock Today?

Nabaparna Bhattacharya
May 15, 2024

XPeng Inc. (NYSE:XPEV) shares are trading higher in the premarket session on Wednesday.

The company is reportedly planning to utilize batteries from BYD Co., Ltd. (OTC:BYDDY) for its Mona sub-brand, mirroring the strategy adopted by NIO Inc. (NYSE:NIO) Onvo sub-brand, CnEV Post reported.

According to a report today from local media outlet 21jingji, which cited sources familiar with the matter, BYD is among the battery suppliers for the first model of Mona, which boasts a range exceeding 500 kilometers, the report added.

The report pointed out that this range is comparable to the 580 km range of the entry-level version of the Xpeng G6, which is priced at RMB179,900.

XPeng initially announced the acquisition of Didi Global’s electric vehicle (EV) business on August 28, 2023, revealing plans to introduce the new brand, codenamed Mona, in 2024. However, in a statement on May 1, coinciding with the announcement of April deliveries, the company mentioned a debut for the new brand Mona in June, signaling a slight delay from its earlier schedule, CnEV Post noted.

The first model under Mona is currently under construction at XPeng’s facility in Zhaoqing, Guangdong province. According to the report, pilot cars have already been produced and are poised to enter the PT2 phase soon.

XPeng’s Zhaoqing plant, boasting an annual capacity of 200,000 units, underwent a production line upgrade in late January to accommodate the launch of the new model.

In contrast to Nio’s approach of appointing Ai Tiecheng as president of Onvo, XPeng opted for an internal executive, Jiang Wen, to lead the Mona program, as per 21jingji’s report, CnEV Post noted.

Mona’s inaugural vehicle will be an A-class compact electric sedan, positioned in the price range of RMB100,000 to RMB 150,000. It will incorporate XPeng’s Advanced Driver Assistance System (ADAS) and is anticipated to be revealed in June, with sales and deliveries slated for the third quarter, the report added.

Read Next: Boston Beer Company Gets A Spicy Buy Upgrade From Analyst Amid Other Beer Brands – Read Why

Price Action: XPEV shares are trading higher by 1.09% to $8.37 premarket at last check Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Wikimedia Commons

Continue Reading...

Popular

Jim Cramer Recommends Buying This Industrial Stock, Calling It 'Way Too Cheap'

"Mad Money" star Jim Cramer discusses MP Materials, Resideo Technologies and Canadian National Railway on Friday, Sept. 12.

Jim Cramer Expects Palantir To Reach New All-Time High

Market analysts and financial commentators provide crucial guidance in the volatile investment landscape. Cramer says no to VKTX, but expects PLTR to go up.

[Revealed] Trump's Next AI Executive Orders? - Ad

A White House insider with direct ties to Trump's inner circle just revealed what he calls "Manhattan II" - a potential $2.2 trillion AI initiative set to launch as soon as Oct 15. He says this could mirror past U.S. projects that minted fortunes - with small firms soaring 5,000% to 10,000% over two decades. And now he's giving away his #1 stock pick for free before the deadline.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Markets shaky? Elon Musk is quietly building "the most powerful supercomputer in the world" in South Memphis - to fuel the first superhuman AI. Even though it's inside his private firm xAI, there's a backdoor for regular investors. Starting with as little as $500, you could secure a stake - but the next funding round could open as soon as Oct 1st.

Takeaways from a hunt for 'secret' fresh water under the North Atlantic seabed

ABOARD LIFTBOAT ROBERT, North Atlantic (AP) — It turns out the Continental Shelf has been holding a secret from the ages. Beneath the sea floor off the U.S. northeast lies an enormous reserve of fresh water whose existence was long unknown, then was suspected and now is confirmed.

Is This Elon's Worst Nightmare? - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

Homes Have Shrunk To The Smallest Average Size In 20 Years: Here's Why It Happened

Newly built homes in the U.S. are shrinking due to higher mortgage rates and affordability concerns. Buyers are adjusting expectations.

Trump to host top tech CEOs — except Musk — at White House dinner Thursday

WASHINGTON (AP) — will host a high-powered list of tech CEOs for a dinner at the White House on Thursday night.

Inside: What's Going on Behind the Scenes in DC? - Ad

Former CIA officer Buck Sexton just met with Trump and VP J.D. Vance - and what he uncovered inside the West Wing is stunning. With ties to Tulsi Gabbard, Mike Johnson, Kash Patel, and more, he's rushing this urgent interview to reveal shocking secrets unfolding behind the scenes right now.

Israel launches a satellite to expand its surveillance capability throughout Middle East

JERUSALEM (AP) — Israel has launched a new spy satellite that defense officials described as a strategic cornerstone, saying it will strengthen their surveillance capacity across the Middle East in the years ahead.

Trump fires Democratic member of Surface Transportation Board ahead of huge rail merger decision

President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie before the body considers the ever proposed.

Did This New AI Just Replace Google? - Ad

Elon Musk's xAI just launched a model that could disrupt Google and even challenge ChatGPT. For the first time, you can stake in xAI with as little as $500 - but you must move before the Oct 1 funding round.

Elon's "AI Heist of the Century" Exposed - Ad

When Elon bought Twitter, pundits cried mistake. But it was a Trojan Horse. Inside xAI he's flipped a project that could reshape intelligence-and open a massive profit window. One analyst found a backdoor for regular investors.

Average rate on a 30-year mortgage slips to 10-month low

The average rate on a 30-year U.S. mortgage slipped this week to its lowest level in 10 months, but remains close to where it’s been in recent weeks.

Could You Use Some Instant Cash Upfront? - Ad

Millionaire trader Jeff Clark's #1 income strategy gives you the chance to collect instant cash payouts, as much as $100 to $1,000 upfront! The great part is you can collect these upfront cash payouts without owning a single stock.... Jeff's put all the details in a special briefing titled Infinite Income Manifesto.

AI Apocalypse? Why language surrounding tech is sounding increasingly religious

TORONTO (AP) — At 77 years old, has a new calling in life. Like a modern-day prophet, the Nobel Prize winner is raising alarms about the dangers of uncontrolled and unregulated

US official sees Greece as hub to boost American natural gas exports

ATHENS, Greece (AP) — A U.S. Cabinet official overseeing a planned expansion of natural gas exports to Europe said Thursday that could play a key role through its pipeline system that extends across the region.

October 16 Changes the Microchip Game - and Investing - Ad

George Gilder-dubbed "America's #1 Futurist"-says while everyone's chasing AI, the real opportunity is in a 4-nanometer tech millions of times more complex. It's not another chip - it replaces them. Now built in Arizona, Gilder says 3 companies tied to this "super-convergence" could soar.

Tesla China Sales Fall 10% To 57,152 Units In August, Marking 6th Decline In 2025

Tesla sales in China fell 9.93% in August amid lackluster global sales and Model Y L receiving 120,000 orders in China.

Mark Cuban Once Dubbed Dogecoin 'Real Money,' While Kevin O'Leary Brushed It Off As 'Gambling' — Whose Advice Would Have Netted You More Profit

Mark Cuban and Kevin O’Leary, both prominent panelists on the reality TV show "Shark Tank," have been close friends for a long time, yet their opinions on the meme cryptocurrency Dogecoin (CRYPTO: DOGE) have yet to align.

Gold Alert: Extraordinary Upside in One Stock (Not a Miner) - Ad

Gold has hit all-time highs, breaking $3,600 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

Vince Stock Flies After Q2 Earnings: Here's What To Know

Vince shares soar on heavy volume after the company reported better-than-expected Q2 results.

South Korean workers detained in immigration raid headed to Atlanta for flight home

ATLANTA (AP) — Buses carrying workers from South Korea who were detained last week in an immigration raid at a battery factory were traveling Thursday from a detention center in southeast Georgia to Atlanta, where a charter plane was waiting to take them home.

Analysts Project This Stock Could Jump to $14 a Share. You Can Still Invest for $3.50. - Ad

The AI company making heart disease easier to detect is offering investors $3.50 investment units that include one convertible preferred share and one warrant, providing investors with access to 2 common shares. Based on analyst 1- year projections, that amounts to a near-term 500% return potential.

Kevin O'Leary Once Revealed How Steve Jobs's Obsession With Fonts Spawned A Classroom Blockbuster And Taught Him A Key Business Lesson

Kevin O'Leary says Steve Jobs's obsession with fonts not only turned The Oregon Trail into a classroom blockbuster but also taught him a lasting business lesson about blending art, science and persuasion.

[Revealed] Trump's Next AI Executive Orders? - Ad

A White House insider with direct ties to Trump's inner circle just revealed what he calls "Manhattan II" - a potential $2.2 trillion AI initiative set to launch as soon as Oct 15. He says this could mirror past U.S. projects that minted fortunes - with small firms soaring 5,000% to 10,000% over two decades. And now he's giving away his #1 stock pick for free before the deadline.

Trump-Backed World Liberty Sinks As Billionaire Justin Sun Protests, Then Reinvests

Justin Sun clashed with Trump-linked World Liberty over frozen $WLFI tokens before reversing course Friday with a fresh $20M investment.

A rebel-held Congolese city uses damaged banknotes due to a cash shortage

BUKAVU, Congo (AP) — In the city of in eastern , Alain Mukumiro argues in a small wooden hut with a shopkeeper who refuses to take his money.

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Markets shaky? Elon Musk is quietly building "the most powerful supercomputer in the world" in South Memphis - to fuel the first superhuman AI. Even though it's inside his private firm xAI, there's a backdoor for regular investors. Starting with as little as $500, you could secure a stake - but the next funding round could open as soon as Oct 1st.

Mark Cuban Once Revealed His Favorite Movie Genre Is Apocalypse Chaos — He Even Digged This 'Horrible' Film

Mark Cuban once admitted he's hooked on end-of-the-world movies — even critically panned ones — a quirky obsession that explains his cameo in Sharknado 3.

Trump Says Russian Drone Incursion Into Poland Possibly An Error: 'Could Have Been A Mistake'

Trump downplays Russian drones entering Polish airspace, implying it was unintentional. European leaders fear it was deliberate while NATO responds.

Is This Elon's Worst Nightmare? - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

Bitcoin, Ethereum, XRP Flat; Solana Rises: BTC Is On 'Knife's Edge,' Says Analytics Firm — Future Depends On This Level

Cryptocurrencies held steady while stocks hit fresh highs on Wednesday, as a downward revision to jobs data lowered optimism but strengthened expectations for rate cuts.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service