Nio vs. XPeng: Which is Coasting Toward Upside?

The sale of Electric Vehicles (EVs) in China is booming due to the Chinese government’s push towards electric vehicles. According to a Reuters report from last week, EV sales in July at Chinese automakers like Li Auto (LI) and XPeng (XPEV) more than tripled from the same period a year back. However, according to a recent Bloomberg report, citing data from China’s Passenger Car Association, Tesla (TSLA), which dominates the Chinese EV market, reported domestic shipments in China in July of just 8


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