Is XPeng Inc. (XPEV) Among Tuesday’s Top Gainers?

We recently published an article titled 10 Firms Post Impressive Gains on Tuesday. In this article, we are going to take a look at where XPeng Inc. (NYSE:XPEV) stands against the other firms.

Ten companies posted significant gains on Tuesday, mirroring the upward movement of two key Wall Street indices. The Dow Jones Industrial Average rose by 0.52%, while the S&P 500 edged up by 0.11%.

A combination of positive catalysts—including strategic partnerships, strong earnings reports, and favorable analyst outlooks—helped drive their performance. In this article, we highlight the top 10 gainers and explore the factors behind their impressive gains.

To come up with Tuesday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A close-up of a luxury electric sports sedan, its sleek body reflecting the energy of progress.

XPeng Inc. (NYSE:XPEV)

Electric vehicle manufacturer XPeng Inc. (NYSE: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 Inc. (NYSE:XPEV) 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.

Overall XPEV ranks 7th on our list of Tuesday’s top gainers. While we acknowledge the potential of XPEV as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than XPEV but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.