Shares of Chinese electric vehicle companies, including Xpeng Inc - ADR (NYSE: XPEV) are trading higher in sympathy with peer NIO following reports suggesting NIO announced it would be able to double annual production capacity at its Hefei facility in 2022.
Chinese electric vehicle maker Nio Inc (NYSE: NIO) said on Friday it would be able to double annual production capacity at its Hefei facility in 2022, cnEVpost report
Chinese electric vehicle startup XPeng, Inc. (NYSE: XPEV) announced Thursday evening its maiden Environmental, Social and Governance (ESG) report, outlining its strategy and achievements on the ESG front.