XPeng ADR Stock News

XPENG launches its first major synchronized global OTA upgrade for eligible users across Europe, the Middle East, Southeast Asia, and other markets During the 28-day beta, global users engaged enthusiastically, and nearly a hundred feedback items were integrated into the final OTA update. Additionally, there's a plan to roll out at least four OTA updates in the forthcoming year.

Its big rival in China, will post earnings Tuesday which should reveal its progress cracking the international market.

2024 has not been a good year for Chinese electric vehicle (EV) stocks even as most of them continued to ramp up their production and deliveries.

XPeng (NYSE: XPEV) has been a focal point in China's competitive electric vehicle (EV) market, yet its stock has experienced considerable volatility.

Emerging as one high-end EV stock to own, investors may be wondering whether China-based XPeng (NYSE: XPEV ) is worth buying. I think that's a fascinating question to explore, considering the impressive growth the Chinese EV market has seen.

China-based XPeng (NYSE: XPEV ) manufactures and sells electric vehicles, and the data indicates XPeng is on a positive trajectory in terms of EV deliveries. At the same time, XPeng stock is out of favor among investors.

Not all investments promise a smooth ride as the autonomous vehicle market speeds towards the future. Despite the groundbreaking advancements and surging interest in AV technology, some stocks in this futuristic arena show signs of trouble and could be heading for a crash.

Weakness in electric vehicle stocks is a buying opportunity. For one, EV sales are accelerating in the U.S. According to Kelley Blue Book , EV sales jumped about 11.3% in the second quarter to 330,463.