XPEV
No one remembers me but I'm back from the dead after my last DD on uranium ages ago.
https://www.reddit.com/r/wallstreetbets/s/JzFnKyEy4W
Today, XPENG concluded the launch event for their newest vehicle, X9.
This is a Multi-Purpose-Vehicle with a 3rd row that hides into the floorboard, doubling as a massive Sports-Utility-Vehicle.
It's been very popular online over the past month due to the following features.
- 800V architecture for fast charging
- Rear wheel steering which gives this massive 5.3m vehicle the turning radius of a sedan.
- Best in China self driving technology
The car also comes with a bunch of QOL features like a fridge, 2nd row TV screen and much more.
The biggest selling point is the announced price point of 388k RMB (Ard 50k USD) which was contrasted with the Li Auto Mega which would cost "no more than 600k RMB" while offering not much more.
With the following factors, I suspect the new few weeks will bring us some 🚀🚀🚀
- The stock has been selling off the past month from $18 to $14.
- Company has recovered significantly over 2023 in terms of deliverys to 3 record months of 20k delivery each.
- 30k pre-order for X9 announced yesterday before today's launch event (Shd be firm pre-orders but I could be wrong).
- Livestream of launch event today hit 2.5m live viewers.
- Lowest price configuration was reduced from 388k to 359k during the launch event.
TLDR: Beaten down car company's latest product is looking to be a popular high-volume high margin product.
Positions: 125 20C 19 Jan 95 20C 21 Jun
Posted Jan 1, 2024, 2:21 PM UTC