NIO & XPeng: 2 Trending Chinese EV Stocks Worth Exploring

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NIO & XPeng: 2 Trending Chinese EV Stocks Worth Exploring

 NIO & XPeng: 2 Trending Chinese EV Stocks Worth Exploring

Summary

  • Chinese EV maker NIO is set to offer at least 60 million fresh American depositary (ADR) units. The stocks are up nearly 152 per cent in the last three months.
  • XPeng stocks have zoomed over 134 per cent in the last three months. The stocks offer a return on equity of 31.69 per cent.
  • XPeng delivered 4224 vehicles in November this year, up 342 per cent year-over-year (YoY).

 

The electric vehicle (EV) industry was all the rage in stock markets this year as investors continued to pour billions into this thriving segment. While EVs are still evolving, the industry is jam-packed with new opportunities. EV stocks are gathering momentum amid the green push across the globe. The market has surged in a short period of time with bullish investor sentiments, with companies like Tesla Inc. (TSLA: US) emerging as the giant players. Is this developing market, Chinese EV manufacturers such as Xpeng and NIO are also carving a niche for themselves.

Let us explore the two stocks in this article:

 

NIO Inc. (NIO: US or NYSE: NIO)

Current Stock Price: US$ 45.22

 

Leading Chinese EV producer NIO announced on December 10 that it plans to sell at least 60 million fresh American depositary (ADR) stocks with a supplementary 9 million shares available to guarantors. NIO stocks went up nearly 3 per cent following the announcement.

The Chinese EV maker stocks have skyrocketed over 1115 per cent year-to-date (YTD). The e-car stock has soared by nearly 152 per cent in the last three months and yielded more than 641 per cent returns in the last six months.

Its 10-day average stock trading volume is 225.82 million units. The 30-day average volume stands at 229 million units.

It has a current market cap of nearly US$ 61.59 billion. Its price-to-book ratio is 50.244, and debt-to-equity ratio is 1.21, as per the TMX portal.

The company recorded sales of US$ 628.4 million in Q3 2020, a surge of 146.1% against the third quarter of 2019.

XPeng Inc (XPEV: US or NYSE: XPEV)

Current Stock Price: US$ 44.80

 

XPeng Inc, another leading Chinese electric vehicle manufacturer, reported delivery of 4,224 vehicles in November 2020, up 342 per cent year-over-year (YOY).

XPeng also declared fresh shares offering of 48 million fresh ADR units at US$ 45 per share on December 9, with a supplementary 7.2 million stocks with the company.

In the last one month, this EV  stock grew by over 36 per cent. The stock has zoomed over 134 per cent in the last three months.

XPeng’s present market cap stands at US$ 31.95 billion. Its price-to-book ratio 10.591, as per TMX data.

This Chinese EV stock delivers a return on equity of 31.69 per cent. It is present 10-day average stock trading volume stands at approximately 57 million units.

 

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