10 Best Stocks For Day Trading

8. XPeng Inc. (NYSE:XPEV)

5-year Beta (monthly): 2.74

Average Volume: 11,348,479

Number of Hedge Fund Holders: 17

XPeng Inc. (NYSE:XPEV), also known as Xiaopeng Motors, is carving its name in the electric vehicle market as one of the leading manufacturers based in China. Founded in 2014, the company has established itself by creating smart EVs that incorporate cutting-edge technologies such as AI and connectivity features.

Its lineup includes well-received models like the P7 sedan, G3 SUV, and the newly launched G6, all designed with a strong emphasis on performance, safety, and user experience. The company vehicles come equipped with its proprietary XPILOT technology, which improves driving through advanced features like navigation, parking assistance, and adaptive cruise control.

At a stake value of $191.728 million, 17 hedge funds held positions in XPeng (NYSE:XPEV) in the second quarter. As of June 30, D E Shaw is the top shareholder in the company and has a position worth $91.91 million.

In August, the company introduced the Mona M03, an electric sedan positioned to compete directly with Tesla’s Model 3. The launch event in Beijing highlighted the M03’s attractive starting price of RMB 119,800, making it the most affordable model in its range.

The market response was overwhelmingly positive, with the company reporting over 10,000 firm orders within just 52 minutes of the launch. The strong demand signals strong consumer interest and positions the M03 as a significant contender in the EV landscape. It ranks 8th on our list of the best stocks for day trading.

On August 30, XPeng (NYSE:XPEV) began delivering the first batch of Mona M03s at the Chengdu Auto Show, which marked an important step in its journey into its second decade. The M03 is designed to appeal to younger consumers as it features modern styling and advanced intelligence while outperforming expectations for vehicles priced around RMB 200,000. The model is not just a new entry, it represents a fresh flagship for the company in the evolving smart mobility era.

Recent analyst upgrades reflect growing confidence in the company’s potential. On September 4, JPMorgan analyst Nick Lai upgraded XPeng (NYSE:XPEV) to Overweight from Neutral with a price target of $11.50, up from $8.

Lai forecasts a significant rise in quarterly deliveries, estimating that the company will boost its shipments from around 45,000 units in the third quarter to approximately 80,000 units in the fourth quarter, thanks in part to the introduction of the Mona M03 and the P7 plus. The anticipated increase could provide a strong foundation for further growth into 2025. As the company continues to innovate and expand its product offerings, it is well-positioned to capitalize on the growing demand for EVs.