Why One EV Maker's Stock Jumped 18% in November
Many investors think of Nio (NYSE: NIO) when Chinese electric vehicle (EV) makers are being discussed. That's because it delivered almost 150,000 total vehicles, while its nearest pure-play EV competitor XPeng (NYSE: XPEV) only just passed the 100,000 mark at the end of October. But XPeng has out-sold Nio in both October and November, and investors seem to be taking notice. In the month of November, shares of XPeng jumped 17.9% according to data provided by S&P Global Market Intelligence.
And it wasn't just delivery volume that has sparked investor interest in XPeng. The company launched a new vehicle in September, the P5 smart family sedan line. In October, XPeng held its Tech Day 2021 where it launched upgrades to its assisted-driving features that look to challenge Tesla (NASDAQ: TSLA) in the Chinese market.
Source Fool.com
