XPeng Inc., a Chinese manufacturer of electric vehicles, is one of the most rapidly growing. Its models offer comfort and style. The company offers parts, maintenance service, and a smart transportation ecosystem. The newest addition to the Xpeng family, the G7 SUV, is expected to be released at the Guangzhou Auto Show.
XPeng is determined to make the Smart EV industry more competitive. Its models appeal to China’s rising middle class. The company is working to speed up deliveries and improve the efficiency of manufacturing vehicles. This, combined with strong demand from its G3 SUVs, led to a 285% year over-year rise in deliveries during the first quarter of 2019.
The company released a revised outlook on its financial outlook in February. The company expects to deliver approximately 250,000 vehicles by 2022, which would be 150% more than it produced in 2021. The revised guidance also indicates a strong uptake in gross margins. This increased margin is expected to increase to 14.4% in the third quarter of 2021. In the first half of 2018, the gross margin was 13.4%.
Xpeng currently operates a Haima facility that can produce 100,000 vehicles a season. In addition to the flagship SUV, the company also plans to launch a new compact sedan late in this year. The company is also currently working on a 800V SiC high voltage platform. However, the company doesn't plan to export its vehicles into the United States.
According to Bloomberg Intelligence, global EV sales are expected to reach 7.2 million units in 2022, with total EV sales in China surpassing one million in 2020. Analysts are positive about the potential market and the overall industry. As long as the Chinese market has a steady EV demand, this growth will continue.
Xpeng's revenue grew by 161% during the third quarter. The net loss was 28 cents per sen. The losses, however, were wider than analysts had anticipated, due to supply-chain issues. The company also reported a loss worth $202 million for the first half. Despite these losses XPeng was still able to maintain a cash balance totaling $276million at the close of the first quarter.
XPeng's stock trades at a price-to-book multiple of approximately 12x its estimated revenue for 2021. That's a higher multiple than those of rivals Nio and Li Auto. Investors need to consider whether a higher multiple is a headwind for Xpeng or a tailwind. Xpeng will also benefit from a lower multiple, particularly as it continues to develop its autonomous-driving technology.
XPeng had a negative cash flow of minus $15 million for the first quarter. Although this is a positive, it's still negative and puts the company in negative cash flow territory. A lack of positive cash flow could also slow down future sales.
FAQ
What is the difference?
Both are related, but they are not the same. The mechanic fixes cars while the technician maintains them.
A mechanic should be able to do simple tasks quickly and have good manual dexterity. A mechanic should also be able accurately diagnose and repair problems.
An automotive technician is required to have more technical knowledge than a mechanic. They must be able and able to read blueprints as well as use tools like drills or wrenches.
They must also be able perform complex procedures safely. They must be familiar with all types of electrical and engine systems.
They must also be able to understand how various parts interact with each other.
As a result, a mechanic usually earns less money than an automotive technician. However, both careers offer great opportunities.
What length is an automotive mechanic apprenticeship?
An automotive mechanic apprenticeship takes around three years to complete. It includes two years of school and two years as an apprentice. The first year teaches you all aspects, from theory to practical skills and safety procedures. You'll also learn how tools can be used safely and efficiently during this year. After the completion of the first year, you will spend another year on the job training. Here you'll gain valuable experience in different trades. You'll have the opportunity to attend formal courses during these periods too.
The final year of this program is spent in obtaining qualifications and becoming certified in your field. These include NVQs. They are awarded after passing exams on specific topics within the industry. You can also get HNCs (Higher National Certificates), that cover subjects such as customer service, business administration, management, and business administration. City & Guilds certificates can be obtained for individuals who want to learn certain trades.
What are the requirements for an automobile technician?
High school graduation or GED is required with excellent grades in English and math. You must also be able to read, and write. The written test will be passed and you will then have to take several practical exams before you can begin work.
Are you looking for a career as an automotive mechanic?
There are many exciting opportunities in the automotive industry for people who are driven to achieve excellence. The best way to succeed in this field is by working hard and learning as much as possible from others.
You'll need to have excellent communication skills because you'll spend most of your time talking to customers and other employees. You will need to be able and willing travel for work, making it more difficult to commute.
You can take classes at universities and community colleges if you are interested in a career as an automotive technician. Many schools have programs that are specifically tailored for students who are interested in automotive sales, repair, and customer service.
You should choose to study mechanical engineering if you want to get a degree. A bachelor's degree can be obtained in four years.
Many employers will also hire graduates straight from school. Therefore, it is a good idea to look for employment while still pursuing part-time studies.
After you complete your education, you may need to undergo some type of training before you can become an automotive technician.
This means you'll need pass exams like the Automotive Services Excellence (ASE), certification exam. This test covers topics including engine maintenance, brakes, steering systems, suspension, and more.
Once you pass the ASE test, your license can be applied for by the National Institute for Automotive Service Excellence.
You can perform repairs on private cars by obtaining a license. In exchange, you'll receive compensation based on the number of services performed.
Not all states require licensing. A license is required if you plan on working outside of your home state.
Some states will not issue licenses until an individual has completed certain training. If this is you, you may need another option.
How do I fix my vehicle as a hobby?
If you are interested in cars, why not take it on as a hobby? You can repair them, buy their parts, sell them, or just have fun with them. It would make a great pastime if you're looking for something different to do.
It's not an easy task to make this a full-time job. It requires hard work and dedication. It requires a lot investment.
If you don't have any good reasons to be involved in cars, it may be better to just let it go.
How long is an automotive course?
A three-year course in automotive is required.
The first year is spent on theory, learning all about cars. The second year will be spent in practical training. Here you will learn how fix engines, drive and other mechanic jobs. The last year is spent at a local shop, where you will get practical experience with real-world problems.
Statistics
- Apprentice mechanics earn significantly less hourly than mechanics who have completed training, with a median wage of approximately $14.50 an hour, according to PayScale. (jobhero.com)
- There were 749,900 jobs available for automotive service technicians and mechanics in 2016, which is expected to grow by six percent through 2026. (jobhero.com)
- 52% of Mechanics in the United States think their salaries are enough for the cost of living in their area. (indeed.com)
External Links
How To
How to get a mechanic certification
The mechanic's certifications are designed for people who want to become certified as professional automotive technicians. They cover all aspects of auto repairs including engine diagnostics. Electrical systems. Brakes, suspension. steering. Fuel injection. Air conditioning. Heating. Exhaust. Diagnostic tools. Body repairs. Collision damage repair. Paintless dent removal. Motor vehicle emissions testing.
The 12-hour program includes three months of on the job training at a dealership participating. Students must complete at least 60 hours of classroom work per semester. They also need to pass a written test that covers theory and practical questions. Upon completion of the coursework, students may take the state examination administered by the National Institute for Automotive Service Excellence (ASE). For employment as an automotive technician, certification by ASE is necessary.