$XPeng (XPEV.US)$ The company’s average target price is now ...

$XPeng (XPEV.US)$ The company’s average target price is now about 45% higher than its current price. As a high-growth EV stock based in China, expectations are that this company’s results in future quarters could be even better than what the company has reported thus far. And those numbers are staggering.

Moreover, XPeng offers three models: the P7 sports sedan, P5 family sedan, and G3 SUV. In 2021, it delivered 98,155 vehicles, which was 263% above its 2020 numbers. Last month, it fulfilled demands for 12,922 EVs, beating both Li Auto and Nio.

The reason to remain bullish about its upward momentum is XPeng’s expansion into the international market. In 2022, it will start selling these three models and a new G9 SUV in the Netherlands, Sweden, and Denmark. Given its brilliant quarterly performance, the company’s revenue could reach $6.06 billion by the end of this year.