XPeng With AI Boost and Profit Target – Here's why Profit-Taking is Taking Place Despite Record Figures

Chinese electric vehicle manufacturer XPeng Inc. (NYSE: XPEV) presented compelling operational growth with its results for Q4 2024 on March 18. The company achieved record levels in vehicle deliveries and margins and unveiled an ambitious technology and expansion strategy for the coming years. However, the markets reacted cautiously: the stock dropped significantly the day after the figures were released – by 8% in both Hong Kong and New York. Observers attribute the decline primarily to profit-taking after the stock had previously risen by over...