Xpeng Stock

Xpeng is down 11 percent in the US this month, compared to Nio's 4 percent decline and Li Auto's 2 percent gain over the same period.

Tiger Global increased its stake in Xpeng by 120.33 percent and in Li Auto by 167.35 percent in the first quarter. The fund does not own any shares of Nio.

To date, a total of 23 companies have been added to the conclusive list, and another 105 are on the list of companies facing possible delisting.

Xpeng's production and logistics appear to be the least affected by the Shanghai lockdown, and supply chain management also appears to be more resilient than peers, said Edison Yu.

Edison Yu's team believes Xpeng will see the biggest negative impact in deliveries in April, with deliveries only returning to closer to normal levels by June.

ARK Invest sold 93,160 shares of Tesla on Thursday and bought more shares of Xpeng as well as another Chinese company, Niu Technologies.

Wood said there is a huge opportunity consistent with common prosperity, but until things improve significantly, her holdings in China stocks will be relatively low.

After the Shenzhen Stock Exchange included Xpeng in a stock connect linking the mainland and Hong Kong earlier this month, the Shanghai Stock Exchange has done the same.

Joining the index means they will have access to passive inflows from those ETFs that track the index.

Point72 increased its holdings in Xpeng by 695 percent in the fourth quarter, but sold all of its shares in Li Auto. It does not hold shares of Nio.