Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Why XPeng Stock Is Moving Today

XPeng Inc. (NYSE: XPEV) shares are trading higher Monday amid strong August electric vehicle sales in China.
byRyan Gustafson
September 11, 2023
1 minute read
Total
0
Shares
0
0
0
0
0
0

XPeng Inc. (NYSE:XPEV) shares are trading higher Monday amid strong August electric vehicle sales in China.

What To Know: The EV sector received some good news on Monday, with encouraging figures from the Chinese EV market.

According to the The China Association of Automobile Manufacturers, August represented the first monthly year-on-year gain since May for the industry, with sales increasing 8.5% quarter-over-quarter and 27% year-over-year.

During the first eight months of 2023, sales rose 1.8% year-over-year to 13.38 million units.

Related Link: Why Tilray Brands Stock Is Getting Higher

XPEV Price Action: Shares of XPEV were up 6.64% at $18.50 at the time of publication, according to Benzinga Pro.

Image by Paul Brennan from Pixabay

 

 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Martin Midstream Partners And 3 Other Penny Stocks Insiders Are Aggressively Buying

By Lisa Levin
November 9, 8:42 AM
The Dow Jones jumped by more than 300 points on Tuesday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

EEX