XPeng: Inflection Point Ahead
- XPeng Inc. reported mixed Q4 2022 results and guidance for 2023.
- The CEO was very bullish on the traffic around the P7i launch and the potential of the new G6 vehicle.
- XPEV stock is cheap at 1x '23 sales targets with plenty of catalysts for growth, while the cash balance will limit downside risk if the company fails to hit targets.
The Chinese EV manufacturer reported generally mixed Q4'22 results, but the market is more focused on what XPeng Inc. (NYSE:XPEV) projected for 2023. The Chinese market has only slowly reopened, in a major disappointment to investors expecting a quick ramp-up in demand. My investment thesis remains ultra-Bullish on the stock trading at the recent lows, while the rebound opportunity remains massive.
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