While Tesla Inc. is grabbing the headlines, Xpeng Inc. has been the hottest electric vehicle stock over the past few months as investors rapidly warm to its product strategy.
The company’s Hong Kong-listed shares have surged 93% from an August low, far outpacing gains in peers from Tesla to fellow Chinese EV maker Nio Inc. Xpeng’s rally has been helped by strong order momentum for its new battery electric vehicle models on the back of competitive pricing and autonomous driving features.
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