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 Higher Today

TheMotleyFool

0 0

Shares of Chinese electric-vehicle maker Xpeng (NYSE: XPEV) were trading higher on Tuesday, after the company said that it has secured a new $2 billion credit line to help it expand manufacturing and sales.

As of 1:45 p.m. EST, Xpeng's American depositary shares were up about 16.1% from Monday's closing price.

Xpeng said on Tuesday morning that it has secured a new credit line of 12.8 billion yuan (about $2 billion) from five Chinese banks. The company said that it plans to use the credit line to support the "expansion of its manufacturing, sales, and service capabilities."

Source Fool.com

Like: 0

XPEV

Share