XPeng Beats, NIO Bleeds: Which EV Titan Will Drive Your Portfolio to Glory?
@HMH:
This week brought pivotal updates in the Chinese electric vehicle (EV) sector as $XPeng Inc.(XPEV)$ and $NIO Inc.(NIO)$ reported contrasting earnings results for Q3. While XPeng posted robust revenue growth and exceeded expectations, NIO reported a revenue decline coupled with a widening net loss, leading to divergent market reactions. As a trader and an active market participant in the EV sector, I believe this earnings season offers opportunities to position strategically. Let’s analyse the two companies, compare their financials and growth prospects, and share how I would trade this shake-up. XPeng Shines with Revenue Growth XPeng’s Q3 2024 Revenue Highlights: Revenue: 10.1 billion yuan, up from 8.53 bi
