What's Going On With XPeng Shares

XPeng Inc - ADR XPEV shares are trading lower by 2.60% to $8.43 Wednesday afternoon. Multiple Chinese stocks are being negatively impacted by lackluster export data from China.

Per Reuters, China's Customs Bureau data revealed a significant 7.5% year-on-year decline in May exports, surpassing the projected 0.4% decrease and marking the largest drop since January.

See Also: Chinese EV Giants Report May Deliveries

Imports, on the other hand, contracted by 4.5%, indicating a slower decline than the anticipated 8.0% and April's 7.9% fall.

According to data from Benzinga Pro, XPEV has a 52-week high of $35.35 and a 52-week low of $6.18.