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Why XPeng Stock Jumped 38.3% in June

TheMotleyFool

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Shares of XPeng (NYSE: XPEV) gained 38.3% in June, according to data from S&P Global Market Intelligence. Electric vehicle (EV) stocks generally rallied last month, and the China-based automaker also appears to have gotten a boost thanks to strong vehicle delivery numbers and signs that the global semiconductor shortage may be easing.