To The Moon

🌟🌟🌟$NIO Inc.(NIO)$ versus $XPeng Inc.(XPEV)$ Which is a Better Buy? Nio's share price was up 7% on Friday to close at USD 11.00 while XPeng's share price was up 5% to close at USD 18.71. Nio has a bigger market capitalisation at USD 18.57 billion while XPeng's market capitalisation is USD 16.20 billion. Nio has just announced that it has delivered 19,329 vehicles in August, down from July but it is the 2nd highest on the company's record. XPeng has delivered 13,699 vehicles in August compared to 11,008 in July, up 24% over July and a 43% increase year over year. Nio has announced a dismal Q2 2023 financial results with sales revenue of RMB 8.80 billion, just 4% short of analysts expectation. Nio also reported a Loss of RMB 3.70 per share or 53% worse than expected. Nio reported a 15% year over year decline in quarterly revenue and 18% decline from Q1 2023. XPeng's results was better. Total revenues were RMB 5.06 billion for 2Q 2023, representing a decrease of 31% from the same period of 2022, but an increase of 25% from the 1st quarter of 2023. Revenue from vehicle sales was RMB 4.42 billion for 2Q 2023, down 36% from the same period of 2022 but an increase of 25% from 1Q 2023. XPeng's net loss was RMB 2.80 billion for the 2Q 2023, compared to RMB 2.70 billion for the same period in 2022 and RMB 2.34 billion for 1Q 2023. Nio has announced partnership with CNOOC in June to build more charging stations infrastructure. It has also announced am investment by Abu Dhabi's investment arm to invest USD 1 billion in Nio. XPeng has announced a partnership with Volkswagen of USD 700 million to build 2 EVs in China. XPeng had also announced a partnership with DiDi to acquire the smart EV assets of DiDi for USD 744 million just last week. So both Nio and XPeng have great partnerships which will be beneficial to future growth and revenue of the companies. Nio versus XPeng - Which is a Better Buy? Personally I believe that it is a tough call. But if I look at the financials, I believe that XPeng has the slight edge. Nonetheless I believe that these 2 EV companies will continue to grow exponentially in the long term. China is after all the largest EV market in the world and both Nio and XPeng will continue to thrive in the future. @Daily_Discussion @TigerStars @CaptainTiger @MillionaireTiger @Tiger_Earnings @Tiger_comments