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Why Xpeng Stock Is Higher Today

TheMotleyFool

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Why Xpeng Stock Is Higher TodayPhoto, wide shot, wide-angle lens, Automotive service center, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/c8dbaa5e-abdb-40ac-b919-ed80785b056a.png

Shares of Chinese electric-vehicle maker Xpeng (NYSE: XPEV) were trading higher on Monday after the company reported record deliveries in December.

As of 11:52 a.m. EST, Xpeng's American depositary shares were up by about 8.7% from Friday's closing price.

Xpeng said that it delivered 5,700 vehicles in December 2020, up from 4,224 in November and an increase of 326% from December 2019. Of that total, 3,691 were P7 sedans -- another sales record for the model -- and 2,009 were the company's compact G3 SUVs.

Source Fool.com

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