XPEV - What's Going On With Chinese EV Maker XPeng Shares On Thursday? | Benzinga
XPeng Inc (NYSE:XPEV) shares are trading lower in the premarket session on Thursday.
Chinese stocks are plunging amidst reports indicating the Biden administration’s contemplation of imposing chip sale restrictions on China, intensifying geopolitical tensions between the U.S. and China.
According to Benzinga Pro, XPEV stock has lost over 39% in the past year. Investors can gain exposure to the stock via SPDR S&P Kensho Smart Mobility ETF (NYSE:HAIL).
Meanwhile, Volkswagen AG’s (OTC:VWAGY)(OTC:VLKAF) technology partnership with XPeng is progressing, with reports indicating that hundreds of Volkswagen engineers have commenced work at Xpeng’s Guangzhou campus, enhancing their collaboration in ...