5 Most Promising Chinese Stocks According to Analysts

3. XPeng Inc. (NYSE:XPEV)

Number of Hedge Fund Holders: 13

Average Analyst Price Target: $16.73

Average Upside Potential: 104.27%

XPeng Inc. (NYSE:XPEV) is a Chinese company specializing in the design, development, manufacturing, and marketing of smart electric vehicles. The company’s product lineup includes SUVs, four-door sports sedans, and family sedans. Additionally, XPeng Inc. (NYSE:XPEV) provides advanced driver-assistance system technology and in-car intelligent operating systems. The stock ranks 10th on our list of the most promising Chinese stocks according to analysts. 

In January 2024, XPeng Inc. (NYSE:XPEV) achieved a significant year-over-year growth of 58%, delivering 8,250 smart EVs. The company provides advanced driver-assistance systems (ADAS) through XNGP, which is available in 243 cities across China. XNGP ADAS boasts an industry-leading monthly active user penetration rate of over 85%. XPeng Inc. (NYSE:XPEV) aims to extend its coverage to key urban road networks, parking areas, and private roads by 2024, and also plans to conduct research and development for expansion in international markets in 2024 and 2025.

According to Insider Monkey’s third quarter database, 13 hedge funds were bullish on XPeng Inc. (NYSE:XPEV), compared to 17 funds in the last quarter. D E Shaw is the largest stakeholder of the company, with 4.5 million shares worth $83.7 million. 

Follow Xpeng Inc. (NYSE:XPEV)