Published on 7 Jan 2025 on Benzinga
XPeng Inc.-ADR XPEV has been the darling of the Chinese EV market, posting a 66% gain over six months. However, technical signals suggest the stock's momentum may be stalling.
After a December delivery surge and ambitious plans with Volkswagen AG VLKAF VLKPF, XPeng's stock has slipped 12% in the past month, and the charts are raising red flags.