Post by
BillionaireBoy on Dec 07, 2020 11:44pm
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.