By Pete Johnson The Chinese Electric Vehicle (EV) market is beginning to heat up again, and it looks like XPeng (NYSE: XPEV) stock is ready to take full advantage of the high demand for electric vehicles. Last August, the electric car manufacturer held its IPO, with XPEV share prices opening at $23 per share.
Since the company went public, XPeng stock went parabolic, climbing over 200%, and then has cooled off since currently sitting just above 40$ a share. With competition growing and Chinese authorities introducing a new Five Year Plan focused on shifting away from foreign technology, will its high-growth story remain true?
The …read more
