Xpeng (XPEV) Stock Rises as P7+ Model Set for Launch

Oct 31, 2024

Xpeng Inc. (XPEV, Financial) saw its stock price increase by 1.85% to $11.56 in pre-market trading. The company’s chairman, He Xiaopeng, announced on social media that the Xpeng P7+ model will officially launch on November 7, with nationwide test drives starting November 1.

Analysts at CICC forecast that the release of the P7+ could boost Xpeng's sales. They believe the new model will enable Xpeng to target the more lucrative 200,000 RMB market segment, representing significant growth potential for the company.

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