10 Firms Post Impressive Gains on Tuesday

7. Xpeng Inc. (XPEV)

Electric vehicle manufacturer Xpeng Inc. (XPEV) saw its share prices rally by 6.77 percent on Tuesday to finish at $12.61 apiece as investor sentiment was buoyed by news that it sealed a new deal to expand the number of charging stations in China.

On Monday, XPeng announced that it joined forces with charging station supplier BP Pulse to boost charging networks to 40,000 charging piles in 420 cities in China.

At present, Xpeng operates 1,790 charging stations with 9,070 piles, while BP Pulse has around 23,000 piles.

The partnership followed XPeng’s recent deal with Volkswagen for the same agreement, which will see the establishment of 20,000 charging points across the country.

The twin partnerships complemented Xpeng’s recent launch of new electric vehicles—the Mona M03 and P7+ sedans, with more charging stations to be available for its customers.