XPEV - What's Going On With Chinese EV-Maker XPeng Stock? | Benzinga
XPeng Inc. (NYSE:XPEV) shares are trading higher Tuesday amid gains in Chinese stocks. Here’s a look at what’s going on.
The Details:
Shares of several Chinese companies, including XPeng, are climbing Tuesday as the Chinese government continues to plan initiatives to prop up the country’s slumping economy.
On Monday night, Bloomberg reported China President Xi Jinping will be briefed on the latest market conditions and policy initiatives by regulators including the China Securities Regulatory Commission as soon as Tuesday.
XPeng’s stock fell more than 42% in January and remains down by nearly 40% year-to-date. The EV-maker delivered 8,250 vehicles in January, a decrease of 58.99% from December deliveries.