Xpeng Inc

The company expects to deliver between 33,500 and 34,000 vehicles in total this quarter, representing growth of more than 150% versus the first quarter of 2021.

Tesla and BYD are better positioned to weather rising prices due to their strong supply chains, analysts said, while low-cost players could struggle.

Xpeng said from Mar. 21, price increases on its electric vehicles will range from 10,100 yuan ($1,587) to 20,000 yuan ($3,143) before subsidies.

The three major U.S. stock indexes are on pace for their best weekly performance of the year, following a strong rally Wednesday.

XPeng led the investment into Rockets Capital, a $200 million fund focused on investing in electric vehicles, clean energy and “frontier technology areas.”

U.S.-listed Chinese stocks are selling off on regulatory fears; Nio, XPeng, and Li Auto were caught in the downdraft.

Nio joins other U.S.-listed Chinese companies with a secondary listing in Hong Kong

Xpeng has started taking pre-orders for its P5 electric sedan in Denmark, the Netherlands, Norway and Sweden as it continues its aggressive European expansion.

The first electric car with Huawei’s HarmonyOS operating system is set to begin deliveries at a ceremony on Saturday in Shanghai.

U.S.-listed Nio announced plans Monday for a Hong Kong listing amid regulatory uncertainty for Chinese stock offerings overseas.

Xpeng’s push into Europe with retail stores marks its most significant international expansion drive yet as it aims to sell half of its cars outside of China.

Dow futures rose Wednesday, and S&P 500 and Nasdaq futures pointed to even stronger gains at the open.

These are the stocks posting the largest moves before the bell.

The move will allow mainland Chinese mainland investors easier access to the Xpeng’s shares, potentially allowing the company to expand its investor base.

Both Nio and Xpeng have been grappling with the global chip shortage which continues to plague the auto industry.

Covid-related factory shutdowns and travel restrictions have increased production costs for Chinese electric car start-up WM Motor, CEO Freeman Shen told CNBC.

Tesla and BYD remained market leaders in China’s electric car market last year, while new competitors emerged, according to the China Passenger Car Association.

Chinese electric carmakers like Xpeng to Nio are turning to chips from Nvidia to power their semi-autonomous driving systems to ramp up competition with Tesla.

U.S. stock futures rose Monday, the first trading day of 2022, even as Covid cases surged above year-ago pandemic highs.

The stocks making the biggest moves in premarket trading include Tesla, McDonald’s, Nio, and more.