To be fair, XPeng's sales late last year fell drastically to 5,000 from their June 2022 peak of 16,000. So returning to 20,000 from 16,000 isn't much. What's impressive is their ability to turn things around from the beginning of 2023. Their outlook is also pretty good going into 2024. Sales in Europe has also been doing very well.
No mention of the increasing sales for to the popularity of the G6 and more recently the updated G9. This analyst is 1-2 quarters late with his analysis. He could be forgiven if he said this the earlier part of the year.
Chinese EVs could be safe for now because Tesla is so much stronger in the capital markets. Tesla is shielding them from the lime light. However, should they take the shine off Tesla, they will surely attract the wrong attention from the authorities.
Coming from another Chinese majority country and seeing first hand how tuition schools exploit parents, stresses the kids, creates unfair and unhealthy competition, I commend the Chinese govt for being brave enough to execute such a drastic move.
$XPeng Inc.(XPEV)$XPeng just acquired Jiangsu Zhitu and is now qualified to be a high precision map provider. This is pretty significant because when the P5 launches, it will be the only vehicle on the road capable of creating highly updated and precise 3D maps of China roads with cameras and LiDAR.
$XPeng Inc.(XPEV)$ Although I'm not enthusiastic about eVTOLS, it's encouraging to see XPeng have an eye for the future. If you have an ambitious target to work towards, you will not get lost or distracted along the way.
No one taking notice of this old company. But it's been doing recycling for a really long time, and the accelerating green movement puts this company in good stead for strong demand and growth.