Why Is Xpeng Stock Down 50% This Year?
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Chinese luxury EV maker Xpeng (NYSE:XPEV) delivered a total of 14,036 vehicles in August, up 2.5% compared to last year and up 26% versus last month. This puts the company’s year-over-year growth behind Li Auto (NASDAQ:LI) which saw sales grow 38% to 48,122 vehicles and Nio
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