Published on 24 May 2024 on Benzinga via Yahoo Finance
Xpeng Shares Skyrocket Following Positive Q2 Delivery Forecast
Xpeng Shares Skyrocket Following Positive Q2 Delivery Forecast
Chinese electric vehicle (EV) manufacturer, Xpeng Inc. (NYSE:XPEV), saw a significant surge in its shares following a promising forecast for Q2 deliveries and an improved profit margin, as reported by CNBC on Wednesday.
The company’s Hong Kong-listed shares rose over 13% in Wednesday’s morning trade, while its U.S.-listed shares climbed nearly 6% in Tuesday’s U.S. trade after the Q1 results were announced.