The Chinese EV industry is still at an early growth stage. This point is underscored by the fact that new EVs accounted for just over 10% of total car sales in Q2 2021. It would therefore be fair to assume that EV companies are yet to see the best part of growth. One company that seems like a potential long-term winner is XPeng (XPEV). I am bullish on XPEV stock, with secular industry tailwinds being a catalyst for growth. More importantly, the company has laid a strong foundation, and is positioned to spread its wings in the coming years. The company’s stock has been subdued for most of 2021.
https://www.tipranks.com/news/article/xpeng-solid-platform-for-sustained-growth?utm_source=advfn.com&utm_medium=referral
XPeng (NYSE:XPEV)
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XPeng (NYSE:XPEV)
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From Jan 2021 to Jan 2022 Click Here for more XPeng Charts.