Many electric vehicle (EV) stocks are rebounding today, after an extended stretch of falling prices. The stock of Chinese EV maker XPeng (NYSE: XPEV) went through its own correction with a more than 20% drop for December. But shares are leading the sector rebound today with a gain of about 10% as of 3:05 p.m. ET.
The bounce in XPeng shares today didn't come from a specific company announcement. But the automaker has announced several positive news items recently. Vehicle deliveries in November were a record 15,613. That was a jump of 270% over the year-ago period. And 2021 deliveries have increased 285% year over year.
For further details see:
Why Shares of Electric Vehicle Maker XPeng Soared Today