27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Chinese electric vehicle startup Xpeng Inc – ADR (NYSE:XPEV) will soon launch its third model, expanding its product pipeline.
What Happened: XPeng teased via a series of tweets a new sedan model that is in the offing, although few details were shared.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Hello. Nice to meet you. #ElectricVehicles #SmartEV #DriveDifferent pic.twitter.com/WFbwFijdsU
— Xpeng Motors (@XpengMotors) January 7, 2021
XPeng's third production model is set for mass production in 2021, the company told Benzinga in an email.
"The only thing we can share now is that it will be equipped with lidar. Other details will have to wait," an XPeng spokesperson said.
XPeng revealed at the Guangzhou Auto Show in late November that it will unveil the first production car with lidar technology in 2021. Automotive lidar or light image, detection and ranging, is a technology that uses sensors to emit invisible laser lights to scan and detect objects in the vicinity and create a 3D image of the surroundings on the display screen.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Related Link: Xpeng Reports 112% Rise In 2020 Deliveries: What Investors Need To Know
The vehicle appears more compact than XPeng's P7 sedan, and therefore could be less expensive, which than the P7's starting price of 229,900 yuan ($35,550) after subsidies, a cnTech Post report said.
Why It's Important: The Chinese EV market is touted a lucrative opportunity, allowing multiple players to operate profitably. Homebred competitors such as XPeng, Nio Inc – ADR (NYSE:NIO), BYD, Li Auto Inc. (NASDAQ:LI) and U.S. EV giant Tesla Inc (NASDAQ:TSLA) are all vying for a piece of this market.
Nio is expected to launch its first-ever sedan at the Nio Day event scheduled for this weekend.
Separately, XPeng is expected to hold a Navigation Guided Pilot beta experience event Jan. 11 that will be open to select users and media, cnTech Post reported.
XPEV Price Action: At last check, XPeng shares were advancing 6.03% to $43.70 Thursday.
Related Link: 4 Reasons Why Li Auto Is Poised For 48% Compounded Annual Growth Over By 2025
Photo courtesy of XPeng.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.