Why XPeng Shares Are Gaining Today

XPeng Inc. XPEV shares are trading higher on Thursday.

The company’s G6 model made its U.K. debut at the Goodwood Festival of Speed 2024, which showcases its latest SUV model, reported CnEV Post.

XPeng has announced today that it will unveil its newest European model, the G6, at its inaugural U.K. event at the Goodwood Festival of Speed 2024, the report read, citing a press release from the Chinese electric vehicle (EV) manufacturer.

XPeng announced that the G6 will be available for ordering in the U.K. later this year.

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During the Festival of Speed, U.K. customers can explore XPeng, preview the G6, and witness its debut on the Goodwood hill climb.

This year’s event is scheduled from July 11-14 and will showcase a wide array of cars.

XPeng’s expansion into Europe continues with deliveries of the P7i sedan in Denmark, Norway, the Netherlands, and Sweden last year, CnEV Post added.

In March, XPeng introduced the G9 SUV and P7 sedan in Germany, followed by the G9 and G6 in France in May.

The G6 debuted in China on June 29, 2023, with deliveries starting in early July last year. In China, the G6 is priced starting at RMB 199,900.

Price Action: XPEV shares are trading higher by 7.48% to $8.67 at last check Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Shutterstock

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