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XPEV - Cango's Recent Moves Show Its Business Resilience
XPeng Inc. American depositary shares each representing two Class A
Cango facilitates transactions through a technology-enabled service platform in China's automotive industry.
The country's auto market is reviving and is set to be in a growth trajectory for quite some time.
The company has expanded its upstream business, entering the flourishing NEV market.
Though the local NEV leaders are prone to sell cars directly, dealers will keep playing an important role in the Chinese market, especially in the lower-tier cities.