Why Xpeng Stock Is Higher Today
Shares of Chinese electric-vehicle maker Xpeng (NYSE: XPEV) were trading higher on Monday after the company reported record deliveries in December.
As of 11:52 a.m. EST, Xpeng's American depositary shares were up by about 8.7% from Friday's closing price.
Xpeng said that it delivered 5,700 vehicles in December 2020, up from 4,224 in November and an increase of 326% from December 2019. Of that total, 3,691 were P7 sedans -- another sales record for the model -- and 2,009 were the company's compact G3 SUVs.
Source Fool.com