Electric Vehicle Stocks Surge as Xpeng (XPEV) Gains Market Share in Singapore

Nov 05, 2024

Electric vehicle stocks experienced an upward trend. Xpeng (XPEV, Financial) saw a rise of nearly 5%, Tesla (TSLA) increased by almost 4%, Nio (NIO) grew over 2.5%, and Li Auto (LI) advanced over 2%.

Xpeng (XPEV, Financial) announced that its model, the G6, ranked among the top three best-selling all-electric SUVs in Singapore for September. The company entered the Singaporean market on July 25, and deliveries of the Xpeng G6 began in the last week of August.

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