- Electric vehicle company XPeng Inc (NYSE:XPEV) has signed an agreement with the Zhaoqing Municipal Government and the Zhaoqing High Technology Industry Development Zone to expand XPeng Zhaoqing Smart EV Manufacturing Base in Guangdong Province.
- The Phase Two expansion project is expected to boost the design production capacity at the Zhaoqing Base from 100,000 units to 200,000 units per annum.
- The move will help XPeng to capture the increasing consumer demand for its smart EVs.
- Price Action: XPEV shares are trading higher by 2.22% at $38.71 in premarket on the last check Wednesday.
Piper Sandler Maintains Neutral on KeyCorp, Lowers Price Target to $26
Piper Sandler analyst Scott Siefers maintains KeyCorp (NYSE:KEY) with a Neutral and lowers the price target from $27 to $26.
