Stock Track | XPeng Inc. Plunges 5.07% in Pre-Market Trading as Chinese EV Stocks Face Pressure

Stock Track

Dec 30, 2024

XPeng Inc. (XPEV), a leading Chinese electric vehicle (EV) manufacturer, witnessed a 5.07% pre-market plunge on Monday, reflecting broader concerns surrounding the Chinese EV industry.

According to the latest market reports, Chinese EV stocks traded in Hong Kong, including XPeng, experienced a selloff. This downturn was partly attributed to the Chinese government's announcement that new energy vehicles should account for at least 30% of government vehicle procurement, and 100% in urban areas.

While this policy aims to promote the adoption of electric vehicles, it may have raised concerns about the potential impact on the profitability and growth prospects of EV companies like XPeng. Investors may be reassessing the competitive landscape and evaluating the implications of increased government involvement in the EV market.

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(XPEV), a leading Chinese electric vehicle (EV) manufacturer, witnessed a 5.07% pre-market plunge on Monday, reflecting broader concerns surrounding the Chinese EV industry.</p>\n\n<p>According to the latest market reports, Chinese EV stocks traded in Hong Kong, including XPeng, experienced a selloff. This downturn was partly attributed to the Chinese government's announcement that new energy vehicles should account for at least 30% of government vehicle procurement, and 100% in urban areas.</p>\n\n<p>While this policy aims to promote the adoption of electric vehicles, it may have raised concerns about the potential impact on the profitability and growth prospects of EV companies like XPeng. 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Plunges 5.07% in Pre-Market Trading as Chinese EV Stocks Face Pressure\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-12-30 18:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>XPeng Inc. (XPEV), a leading Chinese electric vehicle (EV) manufacturer, witnessed a 5.07% pre-market plunge on Monday, reflecting broader concerns surrounding the Chinese EV industry.</p>\n\n<p>According to the latest market reports, Chinese EV stocks traded in Hong Kong, including XPeng, experienced a selloff. 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Investors may be reassessing the competitive landscape and evaluating the implications of increased government involvement in the EV market.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XPEV","symbol_name":"小鹏汽车","start_time":0,"source_url":"","article_id":"1120810084","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1120810084","pubTimestamp":1735553297,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"XPeng Inc. , a leading Chinese electric vehicle  manufacturer, witnessed a 5.07% pre-market plunge on Monday, reflecting broader concerns surrounding the Chinese EV industry.According to the latest market reports, Chinese EV stocks traded in Hong Kong, including XPeng, experienced a selloff. 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