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XPeng: A Drive Into a Promising Future

Chinese stocks have taken a battering in 2021, as the Beijing authorities’ tightening of regulations has seen investors heading to the exit gates. Despite having overall government support, reflecting the tougher landscape EVs have had to navigate in 2021, Chinese EV stocks have not been spared either. Shares of XPeng (XPEV), for instance, sit 5% into the red this year. However, following the company’s Q2 earnings, which Deutsche Bank’s Edison Yu calls “mostly solid,” the analyst sees enough to

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