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XPeng Inc. (NYSE:XPEV) is one of the best long term stocks to buy under $20. XPeng Inc. (NYSE:XPEV) announced its vehicle delivery results for May 2026 on June 1. The company delivered a total of 32,158 vehicles in May, reflecting a 4% increase from the prior month. Management stated that the company’s electric vehicles delivered between January and May 2026 are anticipated to reduce life-cycle greenhouse gas emissions by over 2 million tons compared to internal combustion engine vehicles. This translates to the carbon absorption of 33.16 million young trees over 10 years.

In a separate development, XPeng Inc. (NYSE:XPEV) received a rating update from BofA on May 28. The firm lifted the price target on the stock to $25 from $24, maintaining a Buy rating on the shares and stating that the company’s fiscal Q1 results showed rapidly growing overseas sales, which accounted for 20% of revenue in the quarter. It further told investors in a research note that management is targeting more than 10,000 monthly overseas unit sales by fiscal Q4 and over 100% annual growth.

XPeng Inc. (NYSE:XPEV) is involved in the design, manufacturing, development, and marketing of smart electric vehicles. The company’s offerings are environmentally friendly vehicles, namely an SUV (the G3) and a four-door sports sedan (the P7). It also offers a range of client services, including supercharging service, maintenance service, ride-hailing service, and vehicle leasing service.

While we acknowledge the potential of XPEV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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