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Barchart
Mohit Oberoi

Xpeng Q4 Forecast: Is the Best Over for XPEV Stock, or Can It Rise Higher?

Xpeng XPEV XPENG Motors BYD UBS Citi JPMorgan Li Auto

Chinese stocks, including electric vehicle (EV) companies like NIO (NIO), Li Auto (LI), and Xpeng Motors (XPEV) have rallied sharply over the last month, as markets gave a thumbs-up to the country’s stimulus plans. However, the stimulus-driven rally seems to have run its course for now. While the mainland continues to announce fresh measures, and has hinted at more fiscal support to revive the economy, Chinese stocks have lost steam.

As for XPEV specifically, the Chinese EV company gained over 29% in the last month, but is still in the red for the year. In this article, we’ll see whether the best is over for Xpeng stock, or if the shares can rise higher from these levels.

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