A new Chinese company had just made its debut in stock exchange today. It is called XPENG, one of the leading Electric vehicle company in China who had done a lot of production in China is now entering the US Market for electrical vehicle offering to the public.
Brian Gu, who is the Vice Chairman and President is saying that they are waiting what Elon Musk could really show during the battery day, if battery power they touted about could really reach the Electric Vehicle to run a million mile before re-charging.
XPENG in their website https://en.xiaopeng.com/
have two model vehicles they are posting as their highlighted flagships. So far the following youtube videos made a pretty good review and explanation of why XPENG cars are pretty much a good buy in terms of specs and technical advancement, of which may even be better than TESLA.
- G3 - Super Long Range Smart SUV
- P7 - Super Long Range Smart Sedan
XPEV open at $25.00 and get hammered down to $22.33 but was able to get back immediately to its high of $25.00 in just 3 sessions after its pullback. Yet from then on it just continued to slide downward to a low of $22.57 and kept hovering on that level. So far financially wise, this manufacturer will have to prove first its performance, sales and revenue and not just its fancy look and low price scheme. You can keep this stock on your watchlist for now but not yet in your portfolio.
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