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Stock impact report

These 3 Chinese EV Stocks Look Set to Grow on Bigger Sales [MarketWatch]

XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV) 
Company Research Source: MarketWatch
And highflying stocks can grow into their eye-popping valuations, giving investors another chance to buy into the trend. That looks to be the case with a trio of electric-vehicle makers: China's NIO (ticker: NIO), XPeng (XPEV), and Li Auto (LI). Barron's panned these three U.S.-listed Chinese EV start-ups in December 2020. We had fundamental reasons for that, including more EV competition and falling government subsidies. We even worried about a broader rotation out of growth stocks. But the bear case boiled down to valuation. The Chinese EV players were trading, on average, at roughly 13 times estimated next year's sales. That was a little higher than even Tesla (TSLA) was trading for at the same time. Claiming that growth stocks are expensive might not be bold, but it turned out to be a good call. NIO shares are down since the article appeared. XPeng stock is up about 15%. On average, they are up roughly 5%. Ford Motor (F) and General Motors (GM) are up 119% and 44%, respect Show less Read more
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