China-based XPeng (XPEV) delivered a record number of smart electric vehicles (EVs) last month, despite the current semiconductor shortage. However, because XPEV’s U.S. listing is currently under threat amid increased Chinese regulations, it has listed its shares in Hong Kong, presumably as a backup. Given this backdrop, is XPEV an attractive investment now? Let’s discuss.Electric vehicle (EV) manufacturer XPeng, Inc. (XPEV), in Guangzhou, China, delivered a record number of vehicles last month, making it one of the fastest-growing EV companies. The company delivered 8,040 smart vehicles in July, up 288% year-over-year and 22% month-over-month. Shares of XPEV have gained 8% since the delivery report was released on August 2.
Despite EV production being hamstrung by a global semiconductor shortage, XPEV’s state-of-the-art technology and rapidly growing portfolio have contributed to the company’s ability to achieve this milestone. In addition, its Navigation Guided Pilot highway solutions that are integrated into P7 vehicles have been attracting tech-savvy customers in China.
Furthermore, XPEV is expected to launch its P5 sedan commercially in the third quarter of 2021. It will be the company’s first mass-produced smart EV equipped with LiDAR technology.