What's Happening?

The China Banking and Insurance Regulatory Commission division approved the company’s plan to raise its capital to 18.5 billion yuan, reported Bloomberg, citing a notice dated Dec. 30.

Following the deal, Ant, which contributed 5.25 billion yuan, will control half of its shares while a unit owned by the city of Hangzhou will hold 10%, the report said...Read More

See Also: What's Going On With Tesla Stock Today

Founded in 2015, XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures and markets EVs in China.

According to data from Benzinga Pro, XPEV has a 52-week high of $49.72 and a 52-week low of $6.18.