Soured on Xpeng 1. Incorporated in the Cayman Islands. Might as well be incorporated in Gitmo or on Epstein's island which are right next to the Caymans. Investing in anything having to do with the Cayman Islands is like investing in tax evasion. Presumably will never be ultimately acceptable to the Chinese state with that kind of clouding. 2. Has a holding company but this isn't Google spawning a Alphabet. Small 7nproven companies need more transparency not this total opacity. This is backwards and speaks to the Cayman Islands issue and getting sued by Tesla. 3. Despite any US shareholders having only depository shares and no access to liquidation proceeds in bankruptycy and less ability to keep terms from changing and the need to file taxes with two nations (albeit non duplicative because of US policy) its still tied to Caymans rubbish and a non transparent holding company. The P7 may be great but it looks like smoke and mirrors now. Next thing it Xpeng might sprout a hydrogen natural gas based long tail pipe. Something is wrong it seems. Wonder also if it will be Mandarin enough to get the full stamp of approval anyway. Never know but British protectorate Cayman islands is the worst kind of indicator. I hope they don't get listed on the NYSE because no way in hell a Caymens incorporation can be trusted. Looks like a green trap.
