What happened Shares of recently IPO'd XPeng (NYSE: XPEV) tumbled 27.1% in December as the strong rally in Chinese electric-vehicle manufacturers lost steam at the end of the year. So what Both NIO and Li Auto also declined after fabulous run-ups across the year. XPeng, which went public in August, had been carried higher by the enthusiasm exhibited for the category, but year-end cautiousness caused investors to pull back. President Trump, for instance, signed a bill that could cause foreign companies not adhering to the same accounting standards U.S. companies follow to be delisted from U.S. stock exchanges. XPeng had previously identified material weaknesses in its accounting controls because its staff had insufficient understanding of U.S. accounting principles. Li Auto said something similar. XPEV data by YCharts. The quick run-up in their stocks also had analysts issuing sell recommendations based on valuation while increased competition is expected. Tesla is just one automaker that deems China an important growth market. Its Shanghai factory will be pumping out Model Y cars by the thousands. Now what XPeng is selling just about everything it can produce: Deliveries for December quadrupled and were up 112% for all of 2020 at 27,041. While government subsidies might still be cut, XPeng could defy expectations as it heads toward profitability in 2022. 10 stocks we like better than XPeng Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and XPeng Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Rich Duprey has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Tesla. The Motley Fool has a disclosure policy.Source