10 Best EV Stocks to Buy According to Hedge Funds

8. XPeng Inc. (NYSE:XPEV)

No. of Hedge Funds: 21

XPeng Inc. (NYSE:XPEV) finds its way into our list of 10 best EV stocks to buy according to hedge funds. The company experiences significant growth in EV deliveries, while the confidence in the stock is boosted by the CEO’s bold purchase.

XPeng Inc. (NYSE:XPEV)’s deliveries reached 103,181 units in the second quarter of 2025. The record-breaking growth marked a 242% increase compared to the previous year’s second quarter. Consequently, the total revenue also witnessed a notable growth, RMB18.27 billion, a 125.3% increase year-over-year. Furthermore, with the launch of the G7 model that incorporated the company’s very own AI technology, XPeng Inc. (NYSE:XPEV) gains the position as a top competitor in its category.

In August, XPeng Inc. (NYSE:XPEV) made an announcement that is expanding its technical collaboration with the Volkswagen Group beyond electric vehicles to include Volkswagen’s Internal Combustion Engine (ICE) and Plug-in Hybrid Electric Vehicle (PHEV) platforms in China. Following the announcement, the company’s CEO, Xiaopeng He, purchased 3.1 million Class A ordinary shares, thereby boosting the confidence of the investors regarding the company’s growth prospects.

With 21 hedge funds holding ownership stakes in XPeng Inc. (NYSE:XPEV), the stock gains moderate institutional support.

Founded in 2014, the Guangzhou-based smart EV company, XPeng Inc. (NYSE:XPEV), is a leader in in-house R&D. The company’s focus is on building advanced driver-assistance systems and intelligent connectivity.