![]() ![]() I stated that Walmart (NYSE: WMT) and Albertsons (NYSE: ACI) had purchased Symbotic’s products, “validating its offerings.” Indicating that my faith in the company was justified, SoftBank (OTCMKTS: SFTBY) launched a $100 million joint venture with Symbotic. ![]() In a previous column, I noted that according to Seeking Alpha columnist Arban Shahzeb, Symbotic (NASDAQ: SYM) markets “ AI-powered robots” and “AI-enabled data platforms” (that) allow warehouse operators to cut costs, transport their products more quickly, and attain nearly flawless ‘accuracy.’” Providing evidence for that assertion is the fact that, three days after the company began taking pre-orders for the EV, it had already received more than 25,000 reservations. Finally, as I’ve pointed out in the past, Xpeng is a world leader when it comes to autonomous driving. Showing that the Street expects XPEV stock to get a big lift from the package, the shares were surging 11% on the afternoon of July 24.Īnother trend that favors Xpeng is the fact that its new G6 SUV, which costs less than Tesla’s (NASDAQ: TSLA ) roughly equivalent Model Y, appears to be very popular in China. so Xpeng could very well directly benefit from the nation’s coming incentives. In the past, many such stimulus packages unveiled by Beijing have included subsidies for EVs. Specifically, the country’s Politburo, a key group of leaders within the ruling Communist Party, stated that it would take measures to incentivize consumers to spend more money. One trend that favors China-based electric vehicle maker Xpeng (NYSE: XPEV) is the fact that the Asian nation’s government looks poised to unleash economic stimulus. ![]()
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