We can clearly see on this chart that $XPEV is going through the same pain as $NIO right now.....and $RIVN, $LCID, $TSLA, $PSNY and we won't mention $FSR.
The sector needs a lifeline and $XPEV particularly is not looking good here as they continue to under deliver on their targets, below $NIO's numbers too.
$6.20 is likely going to be tested again but below this level and it is in trouble, there is no support line before 0.
So a recovery will be needed quick here at $6.20.