So, XPeng Inc. (XPEV) had a rough February. The Chinese electric vehicle maker's stock slipped in Monday's premarket trading after it reported that vehicle deliveries basically got cut in half last month. That's the kind of news that tends to put a damper on things before the opening bell.
Here's the math: the company delivered 15,256 vehicles in February. That's a steep 49.90% drop from what it managed in February a year ago. It's also down 23.76% from January's numbers. When you see a year-over-year decline that sharp, it's worth paying attention.
It wasn't all bad news in the update, though. XPeng noted that February marked the start of global deliveries for its new P7+ model, with the first shipment heading to 18 countries. The company says this is a big step in bringing what it calls an "intelligent, spacious driving experience" to young families worldwide. So, while domestic deliveries might be struggling, the company is pushing hard on international expansion.
XPeng also has a media event on the calendar for March 2, 2026, in Guangzhou. The plan is to unveil the company's second-generation VLA system there, ahead of a broader rollout later that same month. New tech launches are always a potential catalyst, even if the current delivery figures are causing some indigestion.
The Technical Picture Looks Bearish
Looking at the stock chart, the trend hasn't been friendly. The stock is currently trading 5.3% below its 20-day simple moving average and 10.1% below its 100-day average. That generally signals a bearish trend for the short to medium term. Zooming out, the picture doesn't get much prettier: shares are down 39.2% over the past 12 months and are sitting closer to their 52-week lows than their highs.
The momentum indicators are telling a bit of a mixed story. The Relative Strength Index (RSI) is sitting right at 50.00, which is the definition of neutral—the stock isn't overbought or oversold here. But the MACD is at 0.10, which is below its signal line of 0.15. That's typically read as bearish pressure. So you have neutral RSI and bearish MACD, suggesting the momentum is... conflicted.
For traders watching the levels, key resistance is seen at $20.00, while key support sits at $16.00.
What's Next? Financials and Analyst Views
All eyes will now turn to the company's next financial update, which is scheduled for March 17, 2026. The current estimates on the Street are for a loss of 20 cents per share, which would be an improvement from a loss of 20 cents in the year-ago period (so, flat on a per-share basis, but the company is presumably growing into its share count). Revenue is expected to come in at $3.32 billion, up significantly from $2.21 billion a year earlier.
Despite the recent stock performance and delivery miss, analyst sentiment hasn't completely soured. The stock still carries a consensus Buy rating, with an average price target of $20.88. There has been some recent bullish action, too. Freedom Capital Markets upgraded the stock to Buy back on January 6, raising its price target to $25.00.
In Monday's premarket action, XPeng shares were down 2.73% at $17.07.
