XPeng shares are trading lower amid a pullback in Chinese EV stocks. The company reported June deliveries earlier in the week.
Portfolio Pulse from Benzinga Newsdesk
XPeng shares are trading lower due to a pullback in Chinese EV stocks, following the company's report on June deliveries earlier in the week.
July 05, 2024 | 3:11 pm
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XPeng shares are trading lower due to a broader pullback in Chinese EV stocks, following the company's June delivery report.
The decline in XPeng's stock price is attributed to a general pullback in Chinese EV stocks, which is likely exacerbated by the company's recent June delivery report. Investors may be reacting to the delivery numbers, leading to a short-term negative impact on the stock price.
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