XPeng's (XPEV) remarkable rally makes one wonder whether the time is right to cash in on this rising EV star of China, or are investors in for even greater gains ahead.
(Bloomberg) -- The biggest debate for sell-side analysts covering Chinese equities these days centers around a $31 billion question: what is the outlook for XPeng Inc. The divide is sending shares on quite a roller-coaster ride.Most Read from BloombergChina’s Ultra-Rich Gen Zs Flock Home as Global Tensions RiseEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsMcCarthy Ambushed as Republican Hardliners Change Course on Spendi
China's auto industry should seek solutions to trade conflicts by deepening ties with European peers via technology partnerships, a Chinese policy adviser said after the European Commission started a probe into China's electric vehicle subsidies. The Chinese government, industrial associations and companies should alleviate the impact on other markets as Chinese EVs exports grow and seek win-win relationships with local companies, Dong Yang, vice Chairman at China's top EV think tank China EV100, wrote in an article published on his social media Wechat account on Monday. Dong, a former official at China's Ministry of Machinery, one of the government bodies overseeing China's auto industry in 1990s, and state-owned automaker BAIC Group, also suggested Chinese battery suppliers should deepen ties with European companies and build a local battery supply chain in Europe.