XPeng Jumps 22 Percent Stock May Reach New Highs?

Over the last five days, the stock significantly fluctuated; on Monday, the worth closed at $40.65, and later on Tuesday, the stock abruptly plummeted to $34.38 by losing 15%. Since July 28, the stock has almost recovered, and now it is sharply jumped by $41.93. The overall market cap is 34 billion dollars.

Xpeng has announced a pre-sale price range of 160,000 to 230,000 yuan for its third production model, the P5 family competent sedan. The P5 is already causing an enthusiastic response from consumers at the pre-sale stage. The company plans to start the P5 in the third quarter of 2021, and deliveries will expect in the fourth quarter of 2021.

XPeng is an innovative Chinese smart electric vehicle company that designs, develops, manufactures, and markets smart electric vehicles that attract a large and growing base of technologically savvy middle-class consumers in China. XPeng is headquartered in Guangzhou, China, with Beijing, Shanghai, Silicon Valley, and San Diego offices. The company’s smart electric vehicles are manufactured at its factory in Zhaoqing, Guangdong Province.