Here are the latest updates on XPeng Inc. (XPEV) today:
Positive News: XPeng has reportedly asked its suppliers to increase materials for an additional 5,000 X9 EREVs (Extended Range Electric Vehicles) by year-end, indicating strong demand for its products 1.
Market Performance: XPeng's stock is part of a broader rally in Hong Kong-listed tech and EV stocks today, with the company's shares up 3% in line with peers like Baidu and GDS 2. Additionally, XPeng is up 2% alongside other EV stocks like NIO and Li Auto 3.
These developments suggest positive momentum for XPeng, driven by strong product demand and favorable market conditions for EV stocks.
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