Down 80% in 2022, Is Xpeng Stock a Buy for 2023?

By Parkev Tatevosian, CFA – Jan 12, 2023 at 7:27AM

NYSE: XPEV

XPeng

Market Cap

$6B

Today's Change

(2.87%) $0.20

Current Price

$7.18

Price as of April 23, 2024, 4:00 p.m. ET

The Chinese EV company is ramping up production quickly, but that does not mean the stock is a buy.

Xpeng (XPEV 2.87%) operates in the competitive and growing Chinese EV market. In this video, I will determine if the stock is a buy.

*Stock prices used were the afternoon prices of Jan. 9, 2023. The video was published on Jan. 11, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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