From Nasdaq: 2024-04-01 11:35:11

Xpeng, along with other Chinese EV companies like Li Auto and NIO, has seen significant stock declines in 2024 due to a broader sell-off in the EV sector. Issues stemming from economic slowdowns in China and strained relations with the West have added to the industry’s challenges.

Despite disappointing Q1 delivery volumes and decreasing stock prices, Xpeng showed positive financial indicators in 2023, including positive operating and free cash flows. The company aims to launch new models and expand partnerships with Volkswagen and Didi to improve sales and lower costs.

Xpeng’s strong balance sheet, with $6.44 billion in cash and minimal long-term debt, positions the company well in the current EV market downturn. Its attractive valuation, strategic partnerships, and growth potential make it a compelling investment option despite industry challenges.



Read more at Nasdaq: 1 No-Brainer EV Stock to Buy in April