12 Best EV Stocks to Buy for The Long Term

7) XPeng Inc. (NYSE:XPEV)

Number of Hedge Fund Holders: 20

3-Year Sales Growth: 35.2%

XPeng Inc. (NYSE:XPEV) is engaged in designing, developing, manufacturing, and marketing smart electric vehicles (EVs). Ming-Hsun Lee from Bank of America Securities maintained a “Buy” rating on the company’s shares, providing a price target of $18.60. Over the past month, the company’s stock has seen a run-up of over 27%, with much of the appreciation coming due to its record-breaking month in terms of vehicle deliveries. In January 2025, XPeng Inc. (NYSE:XPEV) delivered 30,350 Smart EVs, demonstrating a whopping 268% growth YoY, exceeding 30,000 units for the 3^rd consecutive month.

The company’s Chief Executive believes that while there will be an increase in the penetration of new EVs, product differentiation and cost control are expected to remain critical. XPeng Inc. (NYSE:XPEV) focuses on expanding its international footprint to more than 60 countries by 2025 end. The company’s partnership with Volkswagen reflects a significant growth catalyst and technological advancement opportunity. The partnership is expected to offer XPeng Inc. (NYSE:XPEV) access to Volkswagen’s robust experience in automotive manufacturing and global presence.

The synergies stemming from this partnership are expected to accelerate XPeng Inc. (NYSE:XPEV)’s innovation in areas like autonomous driving and smart connectivity. This will give it a competitive edge in the ever-growing and dynamic EV market.