The auto maker is selling more than electric-delivery vans to the logistics company.
The auto manufacturer's goal is to be producing electric vehicles at an annual run rate of two million by the end of 2026.
Jefferies analyst Johnson Wan downgraded XPeng stock to Sell from Hold. His price target went to $4.20 from $18.60 a share.
The stock trades like the company has no future in EVs, self-driving cars, and software. Investors might be a little too negative about the outlook.
A new VW plant that is supposed to produce a battery-electric sedan with advanced self-driving features might be on the chopping block, according to a report.
EV startup Fisker and auto parts giant Magna International begin production of the all-electric Ocean SUV on Thursday.