8 Top Auto Stocks to Buy In 2021

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7. XPeng (XPEV)

XPeng is a leading Chinese electric vehicle manufacturer that began trading on the New York Stock Exchange in August. XPeng has impressive operational efficiency and is developing its own autonomous driving technology in-house. In early 2021, XPeng plans to release XPILOT 3.0, which will include Navigation Guided Pilot on highways and memory auto parking. Lee believes the company’s focus on connectivity is a sound strategy, and that XPILOT 3.0 will have a high attach rate when it launches. XPEV stock has a “buy” rating and a $43 price target from Bank of America.

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