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Barchart
Barchart
Mohit Oberoi

6 Reasons to Buy the Dip in Xpeng Motors Stock

XPENG Motors Xpeng XPEV China UBS Volkswagen

Xpeng Motors (XPEV) stock has whipsawed over the last year. First, it crashed 80% in 2022 and fell to its all-time lows. It has been quite volatile in 2023, as well; after gaining 70% and 55%, respectively, in June and July, the stock is down almost 24% in August. 

On balance, the stock is still up over 61% for the year - but while fellow Chinese electric vehicle (EV) maker Li Auto soared to new all-time highs in 2023, XPEV still trades at a fraction of its 2020 highs.

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