It's already 20% of sales in China for the month of October 2021, up from 5% in January. 50% by 2030 is really a joke. China will likely hit 50% before 2023.
Chinese EVs could be safe for now because Tesla is so much stronger in the capital markets. Tesla is shielding them from the lime light. However, should they take the shine off Tesla, they will surely attract the wrong attention from the authorities.
Coming from another Chinese majority country and seeing first hand how tuition schools exploit parents, stresses the kids, creates unfair and unhealthy competition, I commend the Chinese govt for being brave enough to execute such a drastic move.
$XPeng Inc.(XPEV)$XPeng just acquired Jiangsu Zhitu and is now qualified to be a high precision map provider. This is pretty significant because when the P5 launches, it will be the only vehicle on the road capable of creating highly updated and precise 3D maps of China roads with cameras and LiDAR.
$XPeng Inc.(XPEV)$ Although I'm not enthusiastic about eVTOLS, it's encouraging to see XPeng have an eye for the future. If you have an ambitious target to work towards, you will not get lost or distracted along the way.
$XPeng Inc.(XPEV)$USD 35k for top of the line XPeng P5 with LiDAR, and USD 25k for base P5 (no driver assist). It's going to do very well in the Chinese market. [胜利]
No one taking notice of this old company. But it's been doing recycling for a really long time, and the accelerating green movement puts this company in good stead for strong demand and growth.