Things haven’t been pleasant for investors in Chinese electric vehicle (EV) companies this year. Among the emerging new energy vehicle (NEV) companies, XPeng's (XPEV) stock is down over 41% for the year, which is far worse than rivals Nio (NIO) and Li Auto (LI). In my previous article, I noted that XPEV was attractive near its 52-week lows. It has, however, continued its downward trajectory and is now trading at new 52-week lows. Let's examine whether XPEV can recover in 2026 or if it’s time to give up on this underperforming stock.