XPEV - What's Going On With Chinese EV Maker XPeng Stock Today? | Benzinga
XPeng Inc. (NYSE:XPEV) shares are trading higher in the premarket session on Wednesday.
The company is reportedly planning to utilize batteries from BYD Co., Ltd. (OTC:BYDDY) for its Mona sub-brand, mirroring the strategy adopted by NIO Inc. (NYSE:NIO) Onvo sub-brand, CnEV Post reported.
According to a report today from local media outlet 21jingji, which cited sources familiar with the matter, BYD is among the battery suppliers for the first model of Mona, which boasts a range exceeding 500 kilometers, the report added.
The report pointed out that this range is comparable to the 580 km range of the entry-level version of the Xpeng G6, which is priced at RMB179,900.
XPeng initially announced ...