$XPeng Inc.(XPEV)$
Sales of new energy vehicles (NEVs) have been consistently rising. According to the latest data, from May 1 to May 19, retail sales of NEVs reached 412,000 units, a year-on-year increase of 26% and a 10% rise compared to the same period last month. So far this year, cumulative retail sales have hit 2.863 million units, up 32% year-on-year. The data clearly shows that the NEV market has been steadily growing, with double-digit increases, indicating a strong demand for these vehicles. This explains why car manufacturers have been eagerly rolling out new models recently. no reason to bearish on it.
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