Shares of Chinese electric-vehicle maker XPeng (NYSE: XPEV) recovered and enjoyed solid gains. XPeng is a leading Chinese Smart EV company that designs, develops, manufactures, and markets smart Electric vehicles.
The share price surged roughly 70% despite the car maker reported a wider loss for the third quarter. The stock rose 50% on Wednesday after the company expressed confidence in recovery in the coming months. It then gained an additional 15% in Friday’s trading and as of this writing, the stock advanced 13% in pre-market trading on Monday as bullish momentum continued to shape the broader market.
What is driving XPeng stock? - https://gulfbrokers.com/en/xpeng-extend-rally-stock-jumps-70-in-4-days