We recently compiled a list of the 15 Biggest EV Stocks in the World in 2024 and in this article, we discuss Xpeng Inc. (NYSE:XPEV)’s place in the list. According to the Global EV Outlook 2024 by the International Energy Agency, electric car sales surged in 2023, reaching nearly 14 million globally. This represents a […]
The mean of analysts' price targets for XPeng (XPEV) points to a 71.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
China's premium electric car makers can expect a smooth road ahead of them in 2024 as both consumer demand and product margins improve, giving the assemblers a respite from a bruising discount war which has already resulted in the demise of several competitors. Major players Nio, Xpeng and Li Auto, all felt the impact of the three-month race to the bottom, as prices for 50 models across a range of brands dropping by an average of 10 per cent. They are now forecasting a jump in sales for the thre