The Long Investor

$XPEV - RC -

Added 2023-04-28 12:21:34 +0000 UTC

No changes to our targets here, I think a lot of people taught the trajectory would change when this bounced very aggressively on the 14th of April but just like $NIO, we trusted the chart and it lost all its gains from this bounce and has come down lower since, I expect the bottom as shown, $7.61 at the previous low is the next area to watch for a test. I have $NIO and $XPEV bottoming around the same time too.....both of their Market Caps will be incredibly low compared to other EV makers, especially against the ones in the US when they reach our bottoms.

I was asked recently, why do I prefer $NIO to $XPEV and I think $XPEV has a brand issue, they have focused very well on their tech but I feel they need to focus more on brand awareness, $NIO maybe spends a lot of money on their brand but I like the Applesque approach to what they are doing, I also prefer their cars and they scaling plans too.

The big issue for Chinese EV brands is convincing the world that China is the new home for EV manufacturing, this is a new industry for them, the US, Europe and Japan have dominated this industry, so we are looking for a shift in thinking to China now.