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Xpeng Inc XPEV

Xpeng Inc is a China-based company engaged in design, development, production and sales of smart electric vehicles (Smart EV). The Company's primary products are environmentally friendly vehicles, namely an SUV (the G3) and a four-door sports sedan (the P7). The Company’s Smart EVs primarily target the mid- to high-end segment in China’s passenger vehicle market. The Company aims developing full-stack autonomous driving technology, in-car intelligent operating system and core vehicle systems in-house through the its proprietary software, core hardware and data technologies. The Company sells its vehicle products under the brand Xpeng. It also provides a range of services to the clients, including supercharging service, maintenance service, ride-hailing service and vehicle leasing service.


NYSE:XPEV - Post by User

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Post by BillionaireBoyon Dec 07, 2020 11:44pm
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Post# 32055749

xpeng will Rival Tesla and BecomeOne of the Biggest

xpeng will Rival Tesla and BecomeOne of the Biggest EV Auto companies in the world. Their first main plant has 260 Robots producing their P7 as well as their SUV. Take a look at their totally automated factory.  A huge chunk of their revenues are reivested in R&D.  This company will be making a boatload of cash on their expanding charging and auto support networks. They are also looking at exporting their EV's to the EU.  Today they just filed a 347 page circular with the SEC to raise 2 Billion $US by issuing 40 million XPEV ADR's.  The companies involved in the offering are Credit Suisse, JP Morgan, Bank of America and Citicorp.  This is just the beginning of a massive build out of EV's in China. I bet this company will overtake Nio in the next few years! GLTA XPEV Longs. 
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