$ 57 price target could be just the start for XPeng by StockNews

© 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. Let’s 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.

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