10 Firms Post Strong Gains Amid Wall Street Bloodbath

6. Xpeng Inc. (NYSE:XPEV)

Shares of Chinese luxury automaker Xpeng jumped by 9.45 percent or $1.11 to finish at $12.86 apiece following twin news of better vehicle deliveries and a partnership with Volkswagen to build a supercharging network for electric vehicles in China.

According to the company, deliveries in December alone spiked by 82 percent to 36,695, marking a 19-percent increase from November. Moreover, full-year 2024 deliveries stood at 190,068 units, a 34% increase from 2023.

Meanwhile, the company also sealed an expanded partnership with Volkswagen to expand their EV charging station partnership in China.

The German and Chinese automakers signed a memorandum of understanding in which they pledged to open their respective super-fast charging networks to each others’ customers.

The collaboration will see the establishment of more than 20,000 charging points in 420 cities across China.