XPeng Inc ADR (XPEV)

XPeng Inc ADR (XPEV)

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XPeng Inc ADR (XPEV) Profile

Xpeng or Xiaopeng Motors, XMotors.ai, is a Chinese electric vehicle manufacturer. headquartered in Guangzhou, China. In September 2020, the stock price was 20.07USD and one year later doubled to 41.77USD. The company is still in an early growth-focused phase. Despite its strong 2020 price performance, XPeng stock has dropped 4% in 2021, as volatility remains a point of contention for investors.XPeng Motors has recently announced that it received $76.9 million (500 million yuan) in a new round of investment from Guangdong Yuecai Investment Holdings Co., the investment arm of the Chinese province Guangdong. The province is focused on autonomous driving and new energy vehicles.XPeng company shared that the investment will help to increase the “automobile industry’s strategic transition in Guangdong.” Since its vast $1.5 billion IPO XPeng has continued to attract additional funding to ramp up production and fuel growth. Currently, the company is building its manufacturing base with two fully-owned factories. The market capitalization of the XPENG company is 34.04B.

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