XPeng Inc – ADR (NYSE:XPEV) shares are trading lower by 6.5% to $14.32 during Wednesday’s session, pulling back following Tuesday’s strength. Chinese stocks gained Tuesday as Beijing revealed plans to boost its economy, which was struggling due to problems like a slumping real estate market and deflationary pressures.
President Xi Jinping introduced measures to achieve a 5% growth target and revitalize the economy.
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XPeng on Tuesday announced the company will reveal their third-quarter unaudited financial results on Wednesday, November 15, before the open of U.S. markets.
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According to data from Benzinga Pro, XPEV has a 52-week high of $23.62 and a 52-week low of $6.18.
