XPeng Inc. (XPeng (XPEV)) shares slipped on Friday after the company reported April deliveries of 31,011 vehicles. That's a 13% jump from March, but an 11.5% drop compared to the same month last year. The mixed numbers left investors wondering whether the Chinese EV maker is gaining or losing momentum.
The company pointed to its new Vision-Language-Action (VLA) 2.0 system, rolled out in March, as a key driver of customer engagement. By the end of April, test-drive satisfaction was climbing, and the average time it took for a test driver to decide to buy fell by 44.7% month-over-month. In other words, the smarter driving tech is helping close deals faster.
Product Expansion and Global Footprint
XPeng didn't just sell cars in April—it also unveiled new ones. On April 15, the company introduced the GX, its first full-sized flagship SUV, built on advanced cross-domain technologies. Earlier in the month, the first locally produced P7+ rolled off the line at Magna's plant in Graz, Austria. That makes the P7+ the third XPeng model to be manufactured locally in Europe, after the G6 and G9.
Beyond Cars: Flying Cars, Robots, and Robotaxis
XPeng is thinking bigger than four wheels. President Brian Gu said the company is targeting fourth-quarter 2026 production for its humanoid robot. Meanwhile, XPeng has already received more than 7,000 orders for its flying cars—all from China—and is seeking regulatory approval. The company also plans to produce thousands of robotaxis over the next 18 months. Gu even predicted that the humanoid robot business could eventually surpass the automotive segment within two decades.
Technical Picture: Bearish Signals
On the charts, XPeng stock is looking a bit wobbly. It's currently trading 12.69% below its 12-month high and sits closer to its 52-week low of $15.38 than its high of $28.23. The stock is 5.4% below its 20-day simple moving average (SMA) and 8.2% below its 50-day SMA, suggesting a bearish short-term trend. The relative strength index (RSI) is at 41.73, which is neutral territory—not oversold, not overbought. That means there's no clear directional signal from momentum alone.
Key levels to watch: resistance at $18.50, which has historically capped upward moves, and support at $16.00, where buyers have stepped in before.
Analyst Views: A Split Verdict
The stock carries a consensus Hold rating with an average price target of $21.06. But recent analyst moves tell a mixed story:
- Barclays: Underweight, lowered target to $16.00 (March 24)
- Macquarie: Downgraded to Neutral, lowered target to $19.00 (March 23)
- Freedom Broker: Upgraded to Buy, raised target to $25.00 (Jan. 6)
ETF Exposure: Why XPEV Moves Matter
XPeng is a significant holding in several thematic ETFs, which means fund flows can amplify stock moves. The top funds by weight include:
- Roundhill Humanoid Robotics ETF (HUMN): 4.17% weight
- SPDR S&P Kensho Smart Mobility ETF (HAIL): 2.69% weight
- Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV): 4.19% weight
Because XPEV carries such weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.
As of Friday's premarket, XPeng shares were down 0.80% to $16.17.
