Xpeng (XPEV) and Electric Vehicle Stocks Surge on Trade Talks

Nov 07, 2024

Xpeng (XPEV, Financial) saw its stock rise over 4%, while Nio (NIO) gained 3% and Li Auto (LI) increased by more than 2% in pre-market trading. The boost in these electric vehicle stocks comes as negotiations intensify between China and the European Union regarding the EU's proposed tariffs on Chinese electric vehicles. Both parties are actively discussing potential pricing commitments to address these trade issues.

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