Better Buy: NIO vs. XPeng Motors
Stocks of electric-vehicle (EV) makers accelerated in 2020. And it's no secret that Chinese EV stocks were some of the most popular, as the largest automotive market in the world continues to move toward electrification in its transportation sector.
EV sales in China surpassed 1 million in 2020, and the government hopes to grow that to 5 million by 2025. It could reach 10 million by 2030, and approach 20 million by 2040, according to research organization BloombergNEF. Two electric automakers looking to capitalize on that expansion are NIO (NYSE: NIO) and XPeng (NYSE: XPEV). Investors may be wondering which is the better buy, particularly after a correction has hit share prices in the sector.
Source Fool.com
