XPeng Shows Strong Sequential Recovery In March Deliveries

XPeng Inc. (NYSE:XPEV) shares are up during Wednesday’s premarket session following a strong report on vehicle deliveries. The company’s March deliveries rebounded strongly to 27,415 units, up 80% month-on-month, but remained 17% lower than a year ago. For the first quarter, the company delivered 62,682 vehicles, down 33.3% year-on-year, though still within its stated guidance range. Recent Key Events XPeng unveiled a three-year Latin America strategy on March 25, 2026, entering Mexico as its first step in regional expansion. The company plans to launch both pure EV and range-extended models by 2027, aiming to establish a leading market position in Latin America by 2028. The company also revealed it is establishing a dedicated Robotaxi division, signaling a sharper strategic focus on autonomous mobility. XPeng is accelerating efforts to support a planned commercial Robotaxi rollout in the coming years. Peer Deliveries Snapshot Nio Inc. (NYSE:NIO) delivered 35,486 vehicles in March, surging 136% year over year. First-quarter deliveries reached 83,465 units, up 98.3% from a year earlier. Li Auto Inc. (NASDAQ:LI) delivered 41,053 vehicles in March, up 12% year-on-year and 55% from February, signaling strong momentum. First-quarter deliveries totaled 95,142 units, rising 2.45% year-on-year but down 12.9% from the previous quarter. XPEV 4.2% Below 20-Day SMA The stock is currently trading 4.2% below its 20-day simple moving average (SMA) and 10.4% below its 100-day SMA, indicating some short-term weakness. Shares have decreased 18.37% over the past 12 months and are currently positioned closer to their 52-week lows than highs. The RSI is at 42.01, which is considered neutral territory. Meanwhile, MACD is at -0.2248, below its signal line at 0.0045, indicating bearish pressure on the stock. The combination of neutral RSI and bearish MACD suggests mixed momentum. Key Resistance: $19.00 Key Support: $16.00 XPEV Hold Rating; Target $20.53 Looking further out, the next major catalyst for the stock arrives with the May 20, 2026 (estimated) earnings report. EPS Estimate: Loss of 6 cents (Up from Loss of 6 cents) Revenue Estimate: $3.13 billion (Up from $2.18 billion) Valuation: Forward P/E ratio not available Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $20.53. Recent analyst moves include: Barclays: Underweight (Lowers Target to $16.00) (Mar. 24) Macquarie: Downgraded to Neutral (Lowers Target to $19.00) (Mar. 23) Freedom Broker: Upgraded to Buy (Raises Target to $25.00) (Jan. 6) XPEV ETF Weights: HUMN 4.17% Roundhill Humanoid Robotics ETF (NASDAQ:HUMN): 4.17% Weight SPDR S&P Kensho Smart Mobility ETF (NYSE:HAIL): 2.69% Weight Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (NYSE:EVAV): 4.19% Weight Significance: Because XPEV carries significant weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock. XPEV Price Action: XPeng shares were up 1.99% at $17.45 during premarket trading on Wednesday, according to Benzinga Pro data. Photo via Shutterstock