• Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Dividend Stocks Report
No Result
View All Result
Home Stock News

Xpeng shares spike 10% as the Chinese electric carmaker teases new SUV to launch next week

by
November 12, 2021
in Stock News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Billionaire investor Ray Dalio says the US is at the start of a debt crisis – and worse times are ahead for the economy

June 9th COVID Update: New Pandemic Lows for Deaths and Hospitalizations

The 10 Best Algorithmic Trading Software 2023

Carvana stock surge leaves short sellers sitting on $1 billion loss

Xpeng plans to launch a new sports utility vehicle under its “G” line of cars on November 19. The company teased an image of the car’s silhouette.

Xpeng Inc.

GUANGZHOU, China — Chinese electric carmaker Xpeng teased a new sports utility vehicle on Friday, with the launch scheduled for next week.

The car is likely to be the successor to Xpeng’s current SUV the G3 and G3i. It will be launched at the Guangzhou auto show on Nov. 19.

Xpeng shares were up over 10% in afternoon trade in Hong Kong.

The new car will add further competition to China’s already crowded electric vehicle market.

Xpeng also currently sells two sedans — its flagship P7 and the P5.

In October, Xpeng delivered 10,138 cars, of which 3,657 units were its G3 and G3i SUV, reaching a monthly record since the vehicle’s launch in December 2018.

The company said its cumulative deliveries have exceeded 100,000 as of the end of October.

Xpeng faces competition from rival start-ups Li Auto and Nio, both of which have electric SUVs on the market, as well as Tesla’s Model X.

Next Post

Goldman downgrades Hewlett Packard Enterprise to sell, says stock can drop nearly 14%

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Stock News

Billionaire investor Ray Dalio says the US is at the start of a debt crisis – and worse times are ahead for the economy

by
June 10, 2023
0

Read more

Billionaire investor Ray Dalio says the US is at the start of a debt crisis – and worse times are ahead for the economy

June 9th COVID Update: New Pandemic Lows for Deaths and Hospitalizations

The 10 Best Algorithmic Trading Software 2023

Carvana stock surge leaves short sellers sitting on $1 billion loss

Stocks pop after S&P 500 enters bull market: Stock market news today

Target stock slapped with another Wall Street downgrade as shopper slump worries rise

Load More

All rights reserved by www.dividendstocksreport.net

  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.