On Friday, Chinese electric vehicle (EV) stocks listed in the U.S. experienced broad-based gains, with XPeng Inc. (XPEV.US) rising nearly 4%, Li Auto (LI.US) climbing close to 3%, and NIO Inc. (NIO.US) advancing over 1%.
The positive momentum follows key developments in overseas expansion for these companies. Li Auto has achieved a critical breakthrough in its international operations; after entering the Uzbekistan market, the company has now officially launched in Egypt, Kazakhstan, and Azerbaijan. This move signifies the completion of its core market layout spanning Central Asia, the Caucasus region, and Africa, marking a substantial phase in its globalization process.
Recently, XPeng Inc. held a grand brand launch event in Doha, Qatar, officially marking its entry into the premium Middle Eastern market. The event featured the debut of both the XPeng G9 and XPeng G6 models, with a preview of the upcoming XPeng P7+ variant, aiming to provide local consumers with a wider array of intelligent mobility options. The XPeng Aeroht flying car was also exhibited, offering a comprehensive display of the brand's forward-looking exploration into the future of transportation.