XPEV quietly turning profitable
Am I missing something on XPEV being a great deal at 15b market cap?
I know it's a China stock and the problems involved in that.
HOWEVER,
they just hit their first quarter of profitability ($52m). Revenue up 38.2 % YOY. Profitable while spending 25% on R&D.
the X9 and GX models genuinely look great. I'd get a X9 for a family of 4+.
from a thematic investing standpoint they cover multiple themes. Robotics, China and AI. Three massive future and current themes. We are in the middle of AI panning out but robotics and China yet to come IMO.
their humanoid IRON looks amazing. Due for release later this year.
Chinese Tesla trading at 1% of Tesla's market cap.
their driving AI is so good they sold it to Volkswagen. Selling their in-house AI software and hardware is another revenue stream.
Earnings 28th May. I think it's a good opportunity but accept that Chinese stocks move a lot slower and in ways I don't understand.