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StockNews.com
StockNews.com
Business
Anushka Dutta

Is XPeng a Buy at $25?

Electric vehicle (EV) company XPeng Inc. (XPEV) operates as a designer, developer, manufacturer, and seller of smart EVs in China. Its offerings include SUVs under the G3 name, four-door sports sedans under the P7 name, and smart EVs and family sedans under the P5 name. The company is headquartered in Guangzhou, China.

XPEV sold 9,002 smart EVs in April 2022, which indicates a 75% year-over-year increase. However, the company is still navigating the COVID-19-induced supply chain disruptions. XPEV’s chief executive officer He Xiaopeng has said that Chinese automakers might have to suspend their May productions if Shanghai-based suppliers are not able to resume operations due to the lockdowns in the country.

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