Will the market give EV stocks a leg-up this week?
$Faraday Future Intelligent Electric Inc.(FFIE)$
$Rivian Automotive, Inc.(RIVN)$
XPeng has experienced wild swings in its stock price lately, from over 50% gain in the week before upon news of its partnership with Volkswagen that has announced acquisition of a strategic stake in the Chinese electric vehicle manufacturer, to relinquishing most of the earlier gains last week on poor market sentiments. The company has distinguished itself with its focus on technology and innovation, including development of advanced driver-assist systems. XPeng targets the technology-savvy middle-class consumer. The company is also investing in its self-developed full-stack autonomous driving technology, XPilot, which enhances its competitive positioning in the industry and set it apart from other Chinese EV startups the likes of Nio and Li Auto. XPeng's commitment to in-house software development and autonomous driving technology may provide the company with a long-term competitive advantage in the rapidly evolving EV market.
Not to be outdone, Nio is gaining traction and reputation in the premium electric vehicle market, with a strong lineup of luxurious SUVs and sedans. The company's innovative "Battery as a Service" model and battery swap technology have helped to distinguish Nio from its competitors. Unlike those of its competitors, Nio's business model is not just about selling EVs. It's focused on providing a lifestyle brand to its users, including Nio Houses that serve as showrooms, lounges, and gathering places for Nio users. The company's focus on user experience and community sets it apart in a crowded EV market and provides a unique value proposition for customers.
Li Auto’s different product strategy that focuses on a hybrid product lineup that can run on both electricity and gasoline, has resonated with consumers who have concerns about range anxiety especially in a vast country like China. The company's focus on Extended-Range Electric Vehicles differentiates it from competitors who are focused on pure electric models. The hybrid approach allows it to carve out a niche market segment in the increasingly competitive Chinese EV market.
With increasing emission regulations and strong government support for EVs in China, coupled with growing global awareness of climate change and a growing middle class, the Chinese EV trio is well-positioned to capitalize on the growth in the EV market.
Non-Chinese EV makers which I like include Faraday Future Intelligent Electric and Rivian Automotive that have been giving the EV incumbent Tesla a run for its money. As the EV market continues to grow, FFIE and RIVN are poised to each gain a piece of the growing pie.
@TigerEvents @CaptainTiger @MillionaireTiger @TigerStars @TigerWire
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Man this thing is bouncing around today. I shorted today at open and got out of my position with a nice profit. No way I EVER hold a significant short position in this overnight... but may short a couple thousand shares just to see what happens.
Swedish people have already shown to prefer Chinese brands of EV over Tesla big time (conventional auto brands not even worth mentioning in this poll as its way lower), so I believe Xpeng will be huge.. Im loading up at these cheap prices..
I’m really glad XPeng is taking a breather to retrace. It’s a normal process. Very healthy. It’ll be up again soon. Only add never give up a share. whenever you’re able to, find extra fund to just buy more.
A number of EV companies are scheduled to release earnings reports this week, and their results could have a significant impact on the stock prices of those companies.
EV stocks have been on a downward trend in recent weeks, and this could create an opportunity for investors to buy shares at a discount.
Better than last quarter but slightly less than last year time buy now before it explode
S&P hitting a support level ... hoping we get a rebound from here... XPENG last 15.66
Xpev revenue in the second quarter was 5.06 billion yuan, an estimated 4.91 billion yuan.
It's too early to say for sure whether or not the market will give EV stocks a leg-up this week.
Lets see tom what this stock holds for us. Best of luck to all !