This news could be true.
$XPeng (XPEV.US)$ I heard a piece of news before about the USA's global strategy towards China, in order to reduce dependence on China.
1. Restart manufacturing within the United States.
2. Reduce orders from China and diversify orders to other countries.
3. Combat Chinese companies in the financial market.
XPEV is the only new energy car company in China that dares to compete with TSLA. The stock market suppression of the stock price will affect the company's issuance and financing ability.
Other electric vehicle companies in China either avoid what TSLA manufactures or simply produce hybrid cars, which are soon to be obsolete as pseudo new energy vehicles.
I believe that the electric vehicle market will experience explosive growth in the next ten years and it will be unstoppable for XPEV. A bold estimate is that Xiaopeng will eventually rise to $1000 per share.
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