Why Xpeng Stock Was a Winner This Week

Xpeng (NYSE: XPEV) was a stock on the move in recent days. The busy and ambitious next-generation Chinese automotive company published an encouraging update about its deliveries and opened pre-sales for a new car model.These developments helped move its U.S.-listed American Depositary Shares (ADSes) nearly 12% higher over the trading week, according to data compiled by S&P Global Market Intelligence.On Wednesday, Xpeng made its latest monthly and quarterly delivery figures public. In May, the company, which focuses on electric vehicles (EVs) and hybrid models, delivered 40,126 units, bringing the second-quarter total to 103,295. Of the June deliveries, the GX luxury SUV accounted for 6,739 units; this is notable because the model was launched in May. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool