When it comes to electric vehicle (EV) stocks, Tesla (TSLA) is probably the first name that comes to mind. But the EV race is getting much more crowded, especially as ambitious Chinese automakers continue to expand their presence worldwide. One name worth keeping on the radar is XPeng (XPEV). XPeng has come a long way from being just another Chinese EV maker. The company has already delivered more than one million EVs in China and sold over 60,000 vehicles in Europe since entering the market in 2024.
Today, XPeng has expanded its presence to 65 countries, underscoring its ambitions to become a truly global EV player. Nevertheless, 2026 hasn't exactly been a smooth ride for XPEV investors. The stock has fallen sharply so far this year, weighed down by a sequential drop in July deliveries, an aggressive price war in China’s EV market, rising spending on artificial intelligence (AI) and autonomous-driving technology, and a broader sell-off across the EV sector that has also dragged down major players like Tesla. But there could be a potential turning point on the horizon.
