CEO of Chinese EV maker Xpeng buys back 2.2 million shares as new SUV model expected to boost sales, profitability

Quick Summary:

He Xiaopeng, founder of Chinese smart EV maker Xpeng, is buying back 2.2 million of the firm’s American depositary shares, as its new SUV launch boosts confidence in its future.

CEO of Chinese EV maker Xpeng buys back 2.

Xpeng’s factory in Zhaoqing, Guangdong province.

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Article Details

Author / Journalist: Yujie Xue

Category: Economy

Markets: Hong Kong

Topics: Guangdong Xpeng’s Zhaoqing Chinese Maker Buys Province Xpeng Factory

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-25 @ 20:14:43 (4 months ago)

News Timezone: GMT +8:00

Ranking: #1206 (out of 2692 stories this day)

News Source URL: scmp.com

Language: English

Article Length: 30 words

Reading Time: 1 minutes read

Sentences: 4 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 531939

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