Chinese stocks have taken a battering in 2021, as the Beijing authorities’ tightening of regulations has seen investors heading to the exit gates. Despite having overall government support, reflecting the tougher landscape EVs have had to navigate in 2021, Chinese EV stocks have not been spared either. Shares of XPeng (XPEV), for instance, sit 5% into the red this year. However, following the company’s Q2 earnings, which Deutsche Bank's Edison Yu calls “mostly solid,” the analyst sees enough to be buoyed about XPeng’s prospects. That is despite what Yu calls a “conservative” 3Q21 guidance. The company expects between 21,500 to 22,500 deliveries, below “investor expectations” in the 24,000-25,000 range.
https://www.tipranks.com/news/article/xpeng-a-drive-into-a-promising-future?utm_source=advfn.com&utm_medium=referral
XPeng (NYSE:XPEV)
Historical Stock Chart
From Dec 2021 to Jan 2022 Click Here for more XPeng Charts.
XPeng (NYSE:XPEV)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more XPeng Charts.