XPeng (NYSE:XPEV) is a Guangzhou, China based electric vehicle company that was founded back in 2014 by two former senior executives from automaker GAC Group. The two teamed with current chairman and former AliBaba (NYSE:BABA) executive, He Xiaopeng, for whom the company is named. AliBaba is a major investor in XPeng as the eCommerce conglomerate is believed to own just shy of 15% of the company, a similar ownership structure to AliBaba rival Tencent’s (OTC:TCEHY) stake in Nio (NYSE:NIO). Erfahren Sie mehr
XPeng’s stock debuted on the New York Stock Exchange in August of 2020, at the height of the electric vehicle sector euphoria on Wall Street. Shares gained over 40% on the first trading day, and surged as high as $74.49 per share in November. Currently, XPeng has corrected and trades around the $25.00 range, which gives the company a market cap of $20 billion USD. Here’s a look at how XPeng could be as a long term investment.