Tesla Rival XPeng's Stock Surges Over 5% After EV Maker Starts Deliveries Of P7+ Sedan In China

Quick Summary:

Chinese EV maker XPeng Inc.(NYSE:XPEV) officially began nationwide deliveries of its XPENG P7+ sedan in China on Nov.11 and the company’s NYSE-listed shares are on the rise.

Firm orders for the vehicle touched 31,528 as of 24:00 hours on the day of launch, company founder Xiaopeng He said.

What Happened: The P7+ sedan was launched on November 7 with a starting price of about 186,800 yuan.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesChina

Topics: Model 3 XPEV Mobility Benzinga News EVs Electric vehicles Tech XPeng P7+

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 09:21:31 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 287 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Benzinga

News ID: 23549064

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