XPeng (XPEV) Stock Makes A Stunning Move: Will It Hit $40?

Since the beginning of October, the stock price has demonstrated positive dynamics by 18%: in other words, from $33.70 to $39.92 while the market cap is 34 billion dollars. Before that, the price has gradually collapsed from its peak; as you can notice, currently, it is gaining momentum in price with a pre-market of -0.65%.

Moreover, XPeng admitted to producing 100,000 cars six years since its launch. Xpeng is a Smart Electric Vehicle firm based in China that designs, develops, manufactures, and markets smart electric vehicles. The company manufactures environmentally-friendly vehicles, namely an SUV (the G3) and a four-door sports sedan (the P7). The company also provides contracts for sales, maintenance, supercharging, vehicle rental, and on-call services.

April Sanchez

Business and Tech Reporter