Xpeng (XPEV) Shares Rise Amid EU Tariff Strategy and Smart Driving Partnerships

Nov 20, 2024

Xpeng Motors (XPEV, Financial) saw a 3.19% increase in its stock price, reaching $12.92. The company's Co-President, Gu Hongdi, announced that Xpeng is actively exploring various options to address EU tariff challenges. These efforts are being evaluated from feasibility, cost, and strategic perspectives. The company anticipates achieving a break-even point by the latter part of 2025.

In addition to its tariff strategy, Xpeng is engaged in discussions with numerous automakers to collaborate on smart driving technologies. These partnerships aim to enhance the company's capabilities in the intelligent driving sector, potentially boosting its competitive edge in the global market.

Disclosures

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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