Nio Stock vs. XPeng Stock: Which Is the Best Stock to Buy Today?
EV stocks are struggling amid rising competition and slowing growth.
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EV stocks are struggling amid rising competition and slowing growth.
The industry is being slammed by higher borrowing costs, slow growth in Europe, and expiring subsidies. Stocks are tanking in response.
Shares of the dual-listed company jumped more than 30% in morning trading in Hong Kong on Thursday after surging as much as 40% in New York overnight.
"They work the hardest, and they work the smartest," Tesla CEO Elon Musk said of Chinese electric vehicle companies.
Markets believe XPeng could almost double delivery numbers in 2022 despite the challenging environment for the automotive industry.