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Why Xpeng Shares Are Falling

Shares of several Chinese companies, including Xpeng Inc - ADR (NYSE: XPEV), are trading lower as investors continue to weigh the possible default of major China-based real estate company Evergrande Group.

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This Nimble EV Stock Has Outperformed Tesla And Other Major Automakers In September

Automobile stocks bounced back from the COVID-19 pandemic-induced sales slowdown fairly well in the second half of 2020 only to be caught unaware by the global semiconductor shortage. Despite the sales hit from the chip crunch and the resulting capacity idling, shares of most legacy automakers are higher for the year-to-date period.

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