Why XPeng Stock Spiked Higher Today

One Wall Street firm sees unit sales doubling over the next two years.Chinese companies have been a focus for investors in recent days. Shares of companies that do business in China have soared after the government announced fresh economic stimulus measures.Electric vehicle (EV) maker XPeng (XPEV 9.64%) is one likely beneficiary of those support measures. But there are other reasons that investors are becoming more bullish on XPeng. That helped the stock surge as much as 14% Friday morning. As of 1:30 p.m. ...