Why Xpeng Stock Is Higher Today
Shares of Chinese electric-vehicle maker Xpeng (NYSE: XPEV) were trading higher on Monday after the company made a major technology announcement and unveiled a new limited-run model at an auto show in Guangzhou, China.
As of 10:45 a.m. EST today, Xpeng's shares were up about 13.1% from Friday's closing price.
In a presentation at Auto Guangzhou 2020, a major regional auto show, Xpeng said that it has upgraded its advanced driver-assist systems for its 2021 production models to incorporate lidar sensors for the first time.
Source Fool.com
