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$57 Price Target Could Be Just the Beginning for XPeng -Breaking

by Mike Robinson

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© Reuters. $57 Price Target could be just the beginning for XPeng

Investors should look into investing in electric vehicle manufacturer XPeng. Here’s why.Let’s be honest. Some investors may be hesitant to invest in Chinese stocks or companies. Maybe they were shocked at the fate of ride-hailing companies. Didi Global DIDI>, and they’re afraid to take a position in China-based electric vehicle (EV) maker XPeng XPEV> because XPEV stock might also tank.

But let’s be careful not to make any generalizations. There is no doubt that the Chinese government has cracked down on certain companies due to security and antitrust concerns.

However, every China-based business is not in danger. XPEV stocks won’t suffer the same fate that DIDI or other Chinese stock.

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