A huge advance XPEV has over NIO is that they are an OEM

A huge advance XPEV has over NIO is that they are an OEM, NIO is not.
NIO must pay their suppliers’ apportionate overhead and direct labor costs. NIO well also be on the dime for their suppliers’ markups for all those input costs including material. Lastly, their supplier will charge for THEIR profits.
XPEV will not be burdened with those supplier costs. They will control their own destiny.
It must be noted that XPEV will still have hundreds of smaller suppliers (like microchips for one) but…. By and large they are an OEM.
Of all the world’s largest automotive companies, all are OEMs. There’s a reason for that.
NIO was first out of the gate and had their IPO 2 years prior to XPEV. My money is on XPEV closing that gap as their PPS gains momentum and rises faster. $XPeng Inc.(XPEV)$