I have $XPeng Inc.(XPEV)$ in another platform portfolio. I like it's fundamentals, and let's face it, $Tesla Motors(TSLA)$ (also a fractional share bought stock via auto-invest) can't pragmatically corner the whole EV market. If countries are to meet their EV targets within the next five to ten years, we are going to need a more affordable range of EVs. Not everyone will be able to meet the price point of Tesla's models or even BYD. I'm hoping $XPeng Inc.(XPEV)$ will bring out a range that is affordable for the average person. Because the EV used car market at the beginning import stages will be limited, buyers will mostly be buying new vehicles (or near new). This is part of the problem I have with countries targeting petrol motors too quickly. Used to new petrol vehicles have a wide price range. We need the same if the introduction of EVs is to be fairly implemented.
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