What's Going On With XPeng Shares Today?
Portfolio Pulse from Nabaparna Bhattacharya
XPeng Inc. (NYSE:XPEV) shares are up in premarket trading after the company reported a decrease in Smart EV deliveries year over year but showed strong performance in the electric MPV and three-row seater BEV segments with its X9 model. Additionally, XPENG announced the rollout of its unlimited XNGP ADAS function for experienced users in China, leading to a significant increase in smart driving mileage among its car owners during the Chinese New Year holiday.
March 01, 2024 | 1:48 pm
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XPeng Inc. shares are up after reporting a year-over-year decrease in Smart EV deliveries but strong X9 model performance and the successful rollout of its XNGP ADAS function in China.
Despite a decrease in overall Smart EV deliveries, the strong performance of the X9 model and the successful rollout of the XNGP ADAS function, which led to a significant increase in smart driving mileage, are likely to positively impact investor sentiment and XPeng's stock price in the short term.
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