XPEV is a stock of XPENG Inc. that first came into the market in 2020. Nowadays, many people are willing to invest in automobile stocks. That's why they want a detailed comparison of XPEV with other similar stocks that can help them decide whether they should invest in it.
This article contains a detailed comparison of $XPEV with other top EV stocks.
$XPEV
XPEV is a stock of XPENG Inc. A Chinese electric vehicle company involved in designing, developing, and manufacturing smart electric vehicles in China. The company was founded in 2015, and its headquarter is in Guangzhou, China. The company's CEO is Xiaopeng He, a co-founder and Executive Director of the company.
The company's main products are eco-friendly vehicles, SUVs (G3), and a four-door sports sedan (P7). The company's Smart EVs target the mid-to-high-end segment of China's passenger vehicle market. The company aims to build self-driving technology with its software, basic hardware, and data technology.
In 2021, XPENG delivered over 98,000 vehicles to its customers. However, this number is far less than a huge company like Tesla but has a good performance. In 2021, the company made a revenue of $3.25B, which is a remarkable improvement over its 2020 revenue, which was $0.87B. The company's performance is even better in the current year and has reached $4.51B so far.
Currently, $XPEV holds a $10.38B market Cap and its primary exchange is NYSE. Its current price is $11.86
$XPEV VS. Similar Stocks
We have compared $XPEV to other similar stocks in the market. We found out that many stocks are similar to $XPEV.
So let's find out everything about them by comparing them with $XPEV.
$XPEV VS. NIO
NIO has a huge contribution in China's EV industry with a $47.7B Market Cap. The company is growing rapidly according to practically important metrics.
Talking about the NIO's top-line results, aggressive growth of its revenue has been seen in the last year, which has given it tremendous upward momentum over the past year. According to TipRank's analyst ratings, NIO is a strong buy. The average analyst NIO price target, is $60.67, indicating a 102.2% upside potential.
In comparing the market capitalization and growth rate of $XPEV and NIO, $XPEV is smaller but still sizable. But both stocks are strong buys in the Chinese EV industry. Although the market capitalization of NIO is much higher than $XPEV, $XPEV is growing very fast compared to NIO, and its stock price is also low. So, this stock can be best for long-term investment.
$XPEV VS. LCID
LCID is a stock of Lucid Group Inc., an American electric vehicle manufacturing company. Its current market capitalization is $23. 37B. Compared to last year, this year has seen a drastic decline in its market cap. But in 2022, the company hopes to generate $3 Billion in revenue from selling its 3,000 vehicles. But now, investors and many other EV makers are unwilling to give the benefit of the doubt until that sale becomes a reality; it's unlikely that Lucid's shares will rise again.
While, $XPEV is a rapidly growing stock showing remarkable performance against LCID.
$XPEV VS. TSLA
Tesla stock is the stock of a famous multinational American automotive and clean energy company. Its current stock value is $265.25. its market capitalization is $831B, which makes it the world's 6th most valuable company.
Looking at the stock performance of both stocks, In 2020, both stocks made substantial gains during the boom of investment in the EV sector. The boom in the EV sector delivered a very compelling 69% return. In 2020, Tesla stock rose by 75%, and XPEV rose by 102%.
XPEV and Tesla are two major EV companies that seek to grow rapidly in china. But, there is a huge difference between these companies in terms of profit, growth, and valuation. Tesla is a massive EV company, along with its clean energy products. Its profit, growth, and market gap are far higher than XPEV. Its higher market share depicts how much investors trust this company.
The stocks of both companies fluctuate over time, but Tesla is the best long-term investment as its products are becoming increasingly popular, and the company's earnings are set to grow exponentially in the future. However, its stock price is very high compared to XPEV.
$XPEV VS. LI
LI is the stock of Li Auto Inc., also known as Li Xiang. This is a Chinese electric vehicle manufacturer, and its headquarters is in Beijing. The current value of this stock is $23.01 and its total market cap is $23.40 Billion.
LI stock has attractive long-term growth prospects in the EV industry. LI stock's price is down 25% this year. The major reason for this fall is slowing the growth in the Chinese EV market due to Covid-19-related shutdowns. Li Autos delivered 4,571 electric vehicles in August. The company has experienced the largest monthly drop-off in deliveries among the other three EV manufacturers.
So, in this situation, the performance of XPEV is quite better than LI stock. XPEV stock growth in August was 33%, while LI stock's growth was -51%. Right now, LI stocks are too cheap; the reason is a slowdown in the deliveries this year. But hopefully, when the company launches new products, the stock value will be recovered and turn to normal.
Conclusion
So, this was the detailed $XPEV comparison with other company Stocks. We hope that you liked this comparison and learned something new about $XPEV. This comparison will surely help you to invest in the right stock to generate profit. The comparison between the stocks will surely help you to discover if the stock is overvalued or undervalued. Then you can utilize this information to make smarter investment decisions.
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