Xpeng stock soars as deliveries overtake Chinese EV rival

Although the electric vehicle (EV) industry has become highly competitive, Xpeng (NYSE: XPEV) has managed to become one of the few companies in the space that are truly thriving.While Xpeng stock traded sideways in the first half of 2024, it mounted an impressive rally in late August. Despite high levels of volatility, a clear uptrend has emerged. In the last week, the price of XPEV shares has surged by 6.31%, up to $17.23 at press time, bringing year-to-date (YTD) returns up to 45.64%.XPEV stock price 1-we ...