XPeng Stock Price (XPEV) Continues Ascent With P7+ Touted as Major Sales Catalyst
XPeng’s stock price (NYSE: XPEV) has been a notable beneficiary of the trade on Chinese stocks in recent weeks, with the NYSE listed ADR having gained 38.51% over the past month of trading. On an otherwise muted day for EV stocks, XPEV continued to eek out gains, with a 0.88% uplift in the regular session supported by a further 0.47% in extended hours.
Morgan Stanley has provided a buoyant perspective on the Chinese electric vehicle maker, particularly with its recent unveil of the Xpeng P7+, deeming it a potential key volume driver going into the fourth quarter of the year and for the year 2025.
The unveiling of the Xpeng P7+ has drawn considerable attention due to its spacious interior and advanced smart cockpit/driving features….
