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The Chinese electric vehicle (EV) industry is plagued by a price war, which is especially taking a toll on startup names in the sector. Xpeng Motors (XPEV), however, stands out among startup Chinese EV companies this year with YTD gains of 93%.
The company has impressed with strong deliveries, which rose to a record high last month, as well as an improvement in its financial performance. The company’s Q2 2025 earnings, released earlier this week, were also better-than-expected and helped justify its YTD outperformance over peers like Nio (NIO) and Li Auto (LI) as well as U.S.-based rival Tesla (TSLA).