Is it safe to buy the dip? — TradingView News
XPeng stock price has nosedived in the past few weeks as investors have dumped Chinese EV companies. XPEV dropped to $18 in New York, down by 35% from its highest point this year. This article explores why it has crashed despite its strong numbers.
Why the Xpeng stock price has crashed
Xpeng stock price has dived in the past few weeks, mirroring the performance of other Chinese EV companies.
Nio stock has dropped by 20% in the last 30 days, while Li Auto, and Leapmotor have slumped by over 15%.
Similarly, Xiaomi and BYD have also tumbled in the past few months. This decline is happening as investors remain wary about demand after many local governments ended or adjusted subsidies for EVs.
That move has led to more concerns that the demand…
