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Why Electric Vehicle Names Like XPEV Stock Could Accelerate

February 9, 2021 XPeng (NYSE: XPEV), I said, “We’re being offered opportunity with XPEV on a pullback. After racing from a November low of $20 to nearly $75, the XPEV stock dipped to find support around $41.86. I’d buy the XPEV stock here with a near-term target price of $75 on key catalysts.” Source: Andy Feng / Shutterstock.com That was on Dec. 31, as the XPeng stock traded around $42. At the moment, it’s consolidating around $47. From here, as the electric vehicle boom accelerates, I’d like to see it closer to my initial target of $75. XPEV Has the Pedal to the Metal By 2030, the world could see up to 125 million electric vehicles on the road, according to the International Energy Agency, with the U.S., China, and Europe pushing for a greener future. Plus, President Joe Biden announced the U.S. will rejoin the Paris Agreement, and also wants to see more EVs in circulation. He even wants to replace the federal fleet with EVs.

Why XPeng Stock Climbed 12 5% in January

Author Bio What happened Shares of  XPeng (NYSE:XPEV) rose 12.5% in January, according to data from S&P Global Market Intelligence. The stock gained ground as the Chinese electric vehicle (EV) company announced a new partnership and received favorable coverage from analysts.  The automaker announced on Jan. 3 that it was collaborating with Livox to bring the company s lidar detection technologies for autonomous driving to XPeng s 2021 vehicles. Citi bank analyst Jeff Chung published a note on the stock the following day, maintaining a buy rating and putting a $57.71 per share one-year price target on the stock.  Image source: XPeng. So what

Why NIO Stock Climbed 16 9% in January

Author Bio What happened Shares of  NIO (NYSE:NIO) rose 16.9% in January according to data from S&P Global Market Intelligence. The China-based electric vehicle (EV) stock gained ground thanks to strong delivery numbers, favorable analyst coverage, and continued market enthusiasm for the industry.   NIO published its monthly business update numbers on Jan. 3, reporting that December vehicle deliveries had surged 121% year over year to hit 7,007. Large analyst firms also generally put forth very favorable outlooks for NIO in January, which helped reinforce positive sentiment around the vehicle numbers and push the company s share price higher.  Image source: NIO. So what

Baidu, Inc (NASDAQ:BIDU), (LI) - The Upcoming Catalyst That Could Move Chinese EV Stocks Nio, Xpeng, Li Auto

Baidu, Inc (NASDAQ:BIDU), (LI) - The Upcoming Catalyst That Could Move Chinese EV Stocks Nio, Xpeng, Li Auto
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NIO Is Rallying After Its Annual Consumer Event Analysts Are Raising Price Targets

Order Reprints Print Article NIO Day 2021 was a success, at least according to Asia’s equivalent of Wall Street. The Chinese electric vehicle maker hosted its annual consumer event on Saturday, launching a new luxury sedan and talking about other battery and software improvements. Now analysts, mainly based in China and Hong Kong, are raising their price targets.NIO stock (ticker: NIO) closed up about 6.4% Monday to just under $63 a share. Shares are up roughly 1,700% over the past year. The S&P 500, for comparison, finished about 0.7% lower. Monday’s. Close NIO Is Rallying After Its Annual Consumer Event. Analysts Are Raising Price Targets.

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