XPeng's stock has lost more than 50% of its market value this year and has yet to stage a recovery despite consistent fundamental outperformance against its Chinese EV peers.
The stock has been diverging from its Chinese EV peer group in recent months, extending a gradual downtrend while others are staging a modest rally on improving industry sentiment.
XPeng's upcoming 2Q22 earnings call is expected to be a key determinant on whether the divergence continues.
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