Not sure what are you trying to get at comparing the price of BYD $63 versus Xpeng of $8.80. The difference is at least usd 50.00 and you said is similar price ? Yes BYD is the current EV leader in China based on sales and revenues, however don't forget XPeng is already into the flying car where not that many competitors there yet, the sales of Xpeng is not fantastic but their investment and evolution in their EV technologies are way much advance compared to Nio, BYD, Li auto or even xiaomi. Normally newly start-up will have high operation cost but this can be easily streamline or fine tuned once the production process is stabilise or mature. Would VW be so stupid to collaborate with Xpeng if they have no potential ?
Very good, the locals have plenty of downslide. Let's hope DBS and other local banks drop another 50%. In addition to the above, newly tight regulatory for what they claimed to tide down the scam cases have resulted in the banks losing many customers so for sure is going to affect their profit margins.
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Either 50 /75/100 I think the market will still over react. Market will find any sort excuse for sea of Red. Perhaps Fed will say 50 and warn next round of 75/100.