12 Best EV Stocks to Buy For Long Term Investment

9. XPeng Inc. (NYSE:XPEV)

On April 1, 2026, XPeng Inc. (NYSE:XPEV) reported March deliveries of 27,415 vehicles, representing an 80% increase from the prior month. For the first quarter of 2026, the company delivered a total of 62,682 vehicles. XPeng also outlined a three-year strategy for Latin America on March 25, marking its entry into the Mexican market. The plan includes launching both pure electric and range-extended models by 2027, with the goal of building broader regional coverage and achieving a leading position in the market by 2028.

On March 23, 2026, Barclays lowered its price target on XPeng Inc. (NYSE:XPEV) to $16 from $17 and maintained an Underweight rating following the Q4 report. Barclays said revenue and gross margins were in line, but flagged a weaker outlook for Q1.

On March 22, 2026, Macquarie downgraded XPeng Inc. (NYSE:XPEV) to Neutral from Outperform and cut its price target to $19 from $24, citing uncertainty around near-term volume growth despite the company’s longer-term “physical AI” optionality. Macquarie added that while XPeng tends to outperform when it launches standout products, it is still too early to assess whether upcoming models such as the GX or the Mona SUV series will drive similar momentum, and adjusted its loss estimates to reflect higher spending.

XPeng Inc. (NYSE:XPEV) develops and sells smart electric vehicles in China.