XPeng Inc. Sponsored ADR (XPEV) reachead $6.94 at the closing of the latest trading day, reflecting a +1.46% change compared to its last close.
XPeng (NYSE: XPEV) has been a focal point in China's competitive electric vehicle (EV) market, yet its stock has experienced considerable volatility.
Emerging as one high-end EV stock to own, investors may be wondering whether China-based XPeng (NYSE: XPEV ) is worth buying. I think that's a fascinating question to explore, considering the impressive growth the Chinese EV market has seen.
China-based XPeng (NYSE: XPEV ) manufactures and sells electric vehicles, and the data indicates XPeng is on a positive trajectory in terms of EV deliveries. At the same time, XPeng stock is out of favor among investors.
XPeng Inc. Sponsored ADR (XPEV) reachead $7.22 at the closing of the latest trading day, reflecting a -1.37% change compared to its last close.
Chinese luxury EV maker Xpeng deliveries for July stood at 11,145 units, up 1% year-over-year and 4% over the previous month. The marginal growth has been driven in part by higher sales of the premium X9 multi-purpose vehicle which was launched in early January.
Chinese automaker XPeng's aviation unit, XPeng AeroHT, has raised $150 million in a Series B1 funding round to advance the development of aerial vehicles, according to reports The funds will be allocated to research, development, production, and commercialisation efforts. XPeng AeroHT plans to build the world's first factory for electric vertical take-off and landing (eVTOL) aircraft in China, targeting pre-sales by the fourth quarter of the year.
XPeng Inc. Sponsored ADR (XPEV) concluded the recent trading session at $8.06, signifying a +1.51% move from its prior day's close.
From a technical perspective, XPeng Inc. Sponsored ADR (XPEV) is looking like an interesting pick, as it just reached a key level of support. XPEV recently overtook the 50-day moving average, and this suggests a short-term bullish trend.
XPeng Inc. Sponsored ADR (XPEV) reachead $8.20 at the closing of the latest trading day, reflecting a +1.86% change compared to its last close.
XPeng (XPEV) American depositary receipts (ADRs) surged on Monday after it said it would co-develop electrical/electronic (E/E) architecture with Volkswagen for the latter's electric vehicles (EVs) produced in China.
XPeng (NYSE: XPEV ) stock is getting a boost on Monday after the electric vehicle (EV) company announced an expansion to its relationship with Volkswagen (OTCMKTS: VWAGY ). XPeng and Volkswagen have reached a master agreement for their work together on electrical/electronic architecture (E/E Architecture).