Xpeng Motors (XPEV) Rises on Record Pre-Orders for P7+

Nov 07, 2024

Xpeng Motors (XPEV, Financial) saw its stock rise by 4.3% in pre-market trading at $12.8, driven by strong pre-order numbers for its P7+ model. The pre-orders have surpassed previous records set by Xpeng's MONA. The official launch event for the P7+ is scheduled to stream globally today, marking its formal introduction to the market.

Analysts at Morgan Stanley are optimistic about Xpeng's future, expecting the company to showcase its technological advancements at this year's AI Day. They anticipate growth in both automotive and non-automotive product lines, which could strengthen Xpeng's competitive position in the smart electric vehicle sector.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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