Deliveries and Strategic Alliances Add to XPeng's Appeal

Deliveries and Strategic Alliances Add to XPeng’s Appeal
InvestorPlace
1 day ago
© Source: Andy Feng / Shutterstock.com
Xpeng logo and P7 model in store XPEV stock
Despite the pandemic, some electric vehicle (EV) companies have been able to deliver, and among them is
Xpeng (NASDAQ:
© Provided by InvestorPlace
Xpeng logo and P7 model in store XPEV stock
If you thought that the EV market is ready for a slowdown, you are wrong. The industry is expanding across borders. EV companies have had a huge increase in investor interest over the past year.
Despite the increasing competition in the industry, XPeng has maintained its foothold. XPEV stock is trading closer to its August 2020 level of $22 and has the potential to double. It was recently trading around $27. The company is a major Chinese EV pure-play and has the potential to scale and deliver.

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