The Tortoise and the Hare

Remember the days when NIO was like the king of china EV?

At 2019 - 2020, EV was glorious and its stock was so bullish.

I remember how Tesla rose to fame and many other EV Companies start to form and appear.

$NIO Inc.(NIO)$ and $XPeng Inc.(XPEV)$were the two prominent ones.

Followed by $Li Auto(LI)$, $Lucid Group Inc(LCID)$, $BYD COMPANY(01211)$and etc.

Many companies have also started making electric vehicles.

Nio and Xpeng are always at head to head.

At 2020, Whenever Nio stock spike , Xpeng stock price will follow. I read up on the community, did alot of research internally and also did alot of due diligence.

I also did abit of research with the help of my friends in different parts of china and i realised that different parts of china have different level of fame and buying power in comparision of both NIO and XPENG.

But the US stock market is very crazy on both NIO and XPENG.

Both have achieved world recognition, and i was pretty confused bout which i want to invest.

I know what you guys are thinking, you guys are thinking "Why not both?"

At 2020, many were shouting NIO!

But after my due diligence, i realised NIO is very good for a trade but not for a hold at that point in time as it's too high for its current value at that point of time. I do not deny that its potential is worth more than that and this is a longterm stock. Its gonna be bullish in the long run.

Most of us will know, technology are risky. Technology failures are common and for giants like this, its stock will be volatile.

One bad news is all it takes and it will hit it like train. Like how an accident from NIO and Tesla cars results after the crash or technology failures like auto pilot. This are the things one should be wary of.

I took my pick of trading NIO and going long on XPENG, but as we come closer to the end of the year, market correction came and wipe the market clean.

My stock: "XPEV" was down nearly 50%. I kept averaging and hold it with faith.

From my due diligence, I realised that Xpeng have strong marketing and its vehicles are very beautiful, smart and tough with good customer service.

I strongly believe in good customer service as good service is like selling a feeling.

When we buy something, we buy a feeling and the feeling of feeling personal with XPEV is priceless.

Today at 20/12/2021, XPEV is standing strong at its 40's even with such a bad market.

XPEV may have recovered slow but i have never given up on it.

While NIO have fallen badly temporary and have been overtaken by XPEV.

Like the tortoise and the hare, slow and steady wins the race.