Latest Breaking News On - Nio power - Page 7 : comparemela.com
January 22, 2021
China’s electric vehicle market is getting more competitive by the day. Favorable Chinese government policies have given the industry a strong push in the country. As a part of this increasingly hot movement,
Xpeng (NYSE:
XPEV) is evolving into a notable name in the EV space with a strong foothold in the space. This boost in popularity has helped Xpeng stock outperform the
S&P 500 lately, but can the rally continue?
Source: Johnnie Rik / Shutterstock.com
Most recently, the company reported strong December delivery numbers and it has an alternative channel of revenue that continues to give it a competitive edge. As such, despite rising competition in the industry, XPEV remains a promising investment for two key reasons: its continued success in China and its moves to expand into Europe.
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