The U.S.-listed shares of XPeng Inc.
charged up 11.3% in premarket trading Monday, after the China-based electric vehicle maker unveiled a new production platform that will lead to significant cost savings as it shortens the research and development cycle for future models by 20%. ““We envision that this evolutionary intelligent architecture will lead smart EV technology development for the next three years,” said Chief Executive Officer He Xiaopeng.
charged up 11.3% in premarket trading Monday, after the China-based electric vehicle maker unveiled a new production platform that will lead to significant cost savings as it shortens the research and development cycle for future models by 20%. ““We envision that this evolutionary intelligent architecture will lead smart EV technology development for the next three years,” said Chief Executive Officer He Xiaopeng.
which generated 22.2% of its total 2022 revenue from China, edged up 0.5%. The stocks’ gains come as futures ES00 for the S&P 500 SPX gained less than 0.1%.
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