Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why XPeng Stock Is Down Today

TheMotleyFool

0 0

Shares of Chinese electric-vehicle maker XPeng (NYSE: XPEV) were trading lower on Wednesday after China's state planner told local governments to investigate a series of new-energy-vehicle-related construction projects linked to two major property developers.

As of 1 p.m. EST, Xpeng's shares were down by about 8.9% from Tuesday's closing price.

U.S. auto investors aren't the only ones rushing to get in on the booming market for new-energy vehicles in China. Prominent commercial-property developers Baoneng Group and China Evergrande Group (OTC: EGRNF) have both launched subsidiaries that aim to build and sell such vehicles -- and now, the Chinese government has some questions.

Source Fool.com

Like: 0

XPEV

Share