Â© Reuters. The $ 57 price target could be just the start for XPeng
Not everyone is in love with Chinese stocks right now, but investors should consider investing in electric vehicle maker XPeng (XPEV). Here’s why. Letâs be honest. Not all investors like Chinese companies and stocks at this time. Maybe they saw what happened to the giant Didi Global DIDI>, and they are afraid to take a position in the Chinese manufacturer of electric vehicles (EV) XPeng XPEV> because the stock of XPEV may also collapse.
However, let’s not make generalizations here. True, the Chinese government has cracked down on some companies, mostly due to cybersecurity and antitrust concerns.
But then, not all companies based in China are in trouble. In addition, the XPEV share will not necessarily meet the same fate as DIDI and other Chinese shares.
Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.