XPeng seems to be doing pretty well with its overseas expansion—you can see its ads in lots of places.

The journey for Chinese electric vehicles has been pretty good.
The journey for shareholders of Chinese EV stocks, though, has been a bit rough…

$XPEV hit an all-time high of $74 and has fallen nearly 88% since 😂

I hope the stock prices of future Chinese AI model companies like Zhipu and MiniMax don’t end up the same way?