There's a $25,000 EV Coming, but Not From Tesla. Why XPeng Stock Isn't Rising.
There’s a $25,000 EV Coming, But It Isn’t From Tesla
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Electric vehicles hit another milestone Wednesday. There is a sophisticated, lidar-equipped EV that can be had for less than $25,000. The vehicle isn’t from EV leader Tesla, though.
Chinese EV maker XPeng (ticker: XPEV) launched its third production model, the P5 sedan. A lidar-equipped EV that starts at less than 160,00 Chinese renminbi, or less than $25,000.
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