EV Maker Xpeng Gets Its First Buy Rating. Here’s Why. Barron’s
Chinese electric vehicle maker Xpeng got its first analyst rating Tuesday–a Buy from J.P. Morgan analyst Nick Lai. The rating sent Xpeng stock higher in Tuesday trading.
It’s good news for Xpeng (ticker: XPEV) shareholders, as well as all EV bulls. Another Buy-rating builds on the popularity of the main Chinese EV stocks: Li Auto (LI), Xpeng, and NIO (NIO). Asia-based analysts aren’t scared off by sky-high valuations of EV shares, but a look at EV pioneer Tesla suggests that the same can’t be said of their U.S.-based peers.
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