XPeng: China Struggles Won't Last
- XPeng Inc. got 2023 off to a slow start with weak January deliveries.
- With the Tesla, Inc. price cut, covid and the Chinese New Year, most Chinese consumers stayed on the sidelines looking for price cuts.
- The Chinese EV manufacturer predicts a big year ahead due to the new G9 SUV.
- XPeng stock is cheap, trading at only 1x '23 sales targets.