Chinese EV company Xpeng shares surge 13% after forecasting growth in car deliveries

The Xpeng X9 electric MPV on display at the Beijing auto show on April 25, 2024.BEIJING — Chinese electric car company Xpeng saw its shares soar after reporting an improvement in profit margin and an upbeat outlook for second-quarter deliveries.The company's Hong Kong-listed shares rose more than 13% in morning trade Wednesday. U.S.-listed shares had climbed by nearly 6% in U.S. trade Tuesday after reporting first quarter results.Xpeng reported that vehicle margin rose 5.5% in the first three months of the ...