XPeng Inc. (XPEV), NIO Inc. (NIO), Li Auto Inc. (LI)
- NIO, XPeng, and Li Auto share similar business development trajectories in the Chinese auto market.
- Both top Chinese capital managers and local governments support these EV pioneers.
- NIO is the absolute sales leader in the segment, while XPeng’s NGP has the best features of autonomous driving.
(Reading time: 14 minutes)
The electric vehicles (“EVs”) market was under the spotlight in 2020. Benefiting from the rocketing value of Tesla (TSLA), Elon Musk became the richest person in the world. Meanwhile, a few EV startups, including XPeng (XPEV) and Li Auto (LI) went public, attracting diverse investors’ attention. Their compatriot NIO (NIO), which went public in 2018, saw its stock surge by 1,110%. While some investors place bold bets on these companies, increasing the growing avalanche of hype, some believe these stocks are not worth investing in, as their business fundamentals and current market caps are not seen to match.
To enhance the possibility of an objective view of the space, this article provides an in-depth comparison of Chinese EV pioneers – NIO, XPeng and Li Auto – across several essential dimensions. A combination of comprehensive business research and technology analysis allows us to tailor an actionable message for investors with different styles and angles regarding these companies. It is a long, data-heavy read for those willing to learn as much as possible about the trio.
Disclaimer: Our content is intended to be used solely for informational and educational purposes, and not as investment advice. Always do your research and consider your personal circumstances before making investment decisions. ChineseAlpha nor EqualOcean is not liable for any losses that may arise from relying on information provided.