XPEV “High Value” Vehicles, “Effective and Competitive” EV Model

Chinese automaker Xpeng (XPEV) demonstrated revenue growth in its latest earnings. Karl Brauer says they seem to keep launching high value vehicles and technology. He calls the company a “BYD Part 2” saying he’s impressed they are accomplishing this growth in the highly competitive China market. Karl says the big question remains in Xpeng’s big capex spend, saying people will want to see profitability growth within the next 4 quarters. Across the global EV landscape, he believes medium to near term doesn’t look good for companies like Lucid (LCID) and Rivian (RIVN) as U.S. tax incentives disappear.

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