new-recommended-broker-banner new-recommended-broker-banner
Practice Stock Trading Your Capital Is At Risk

XPeng (XPEV) Shares Edge Higher Premarket After Exporting P7 Sedan To Norway For The First Time

Updated: 25 Aug 2021

XPeng (NYSE: XPEV) shares are edging higher premarket on Wednesday after the company said it has started shipping its flagship P7 model to Europe for the first time.

new-recommended-broker-banner

The vehicles will be sent from Guangzhou in China to Norway. It marks the first time the P7 has been sent outside of China, reaffirming its ambitions to expand globally.

Norway is XPeng's first international market, with electric vehicle uptake in the country high. In 2020, more than 70% of all cars sold in the country were electric.

The electric vehicle firm expects to deliver the P7 to customers in Norway during Q4 this year.

“We are dedicated to meeting the growing customer demand for our smart EVs in China and internationally by bringing the most sophisticated and stylish models to our customers,” said He Xiaopeng, Chairman and CEO of XPeng.

“We are seeing smart EVs not only redefining driver experience with their innovative functions and differentiated services, but also offering the potential to fundamentally transform mobility behaviour. We are eager to bring these advanced capabilities and services to our international customers in highly localized forms,” He said.

XPeng shares are up 0.76% premarket at $40.86.

Should You Invest in XPeng Shares?

One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .