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Why EV Maker XPeng Stock Soared This Week

TheMotleyFool

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Why EV Maker XPeng Stock Soared This Week: https://g.foolcdn.com/editorial/images/842586/stock-chart-higher-w-green-line-and-board.jpg

Chinese electric vehicle (EV) maker XPeng (NYSE: XPEV) has bucked the "risk off" trade this week, rising as much as 23%. As of midday on Friday, shares were still up for the week by 15.1%, according to data provided by S&P Global Market Intelligence.

A look at recent updates from the company helps explain the surge in share price.

Image source: Getty Images.

Source Fool.com

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