Why Shares of XPeng Are Driving Higher Today
Racing off the starting line, shares of XPeng (NYSE: XPEV) are off to a strong start during the first day of trading in 2023. On Dec. 31, 2022, the electric vehicle (EV) company reported strong vehicle delivery figures for December and the fourth quarter of 2022, and investors are voicing their approval of the news today.
As of 10:46 a.m. ET, XPeng's stock has climbed 6.5%, having retreated from its earlier rise of 10.4%.
XPeng hit a speed bump in November, but it fared much better in December. The company reported 11,292 EV deliveries last month, a 94% increase over deliveries in November. Deliveries of the company's G9 SUV were particularly strong, climbing 160% in December compared to November.
Source Fool.com
