10 Firms Kick Off Trading Week Stronger

5. XPeng Inc. (NYSE:XPEV)

XPeng snapped a seven-day losing streak on Monday, rising 5.18 percent to close at $20.72 apiece as investors resorted to bargain-hunting to take advantage of its cheap valuation.

In recent news, XPEV opened a new technology center in Hong Kong to showcase its mobility innovations powered by Artificial Intelligence.

Called XPENG Tech Center, the new facility displays robots powered by AI self-developed chips and other cutting-edge technologies.

“Through this new space, we hope to bring them closer to [XPEV]’s innovations, from autonomous driving to intelligent cockpit technology and our future mobility solutions such as AI chips and humanoid robots. With the launch of the X9 in Hong Kong, we look forward to providing a more intelligent and seamless driving experience while leveraging the city’s global connectivity to support XPENG’s broader international development,” said XPEV Vice Chairman and President Brian Gu.