Why XPeng Inc. (XPEV) Soared on Wednesday

We recently compiled a list of the 10 Stocks Outperform Wall Street Indices on Wednesday. In this article, we are going to take a look at where XPeng Inc. (NYSE:XPEV) stands against the other stocks.

The stock market ended on a mixed note on Wednesday, with the Dow Jones the sole loser during the session, as investor caution persisted amid confusing tariff policies from President Donald Trump.

The Dow Jones dropped by 0.43 percent, while in contrast, the S&P and Nasdaq finished in the green territory, albeit the S&P inched up by only 0.01 percent, and the Nasdaq ended higher by 0.26 percent.

On Wednesday, Trump raised hopes for another month of delay for the imposition of tariffs on goods from Mexico and Canada, while signaling a 25-percent reciprocal tariff on European cars and goods.

Meanwhile, ten companies defied the broader market pessimism, posting modest to strong gains during the day.

To come up with Wednesday’s top gainers, we considered only the stocks with $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)

XPeng Inc. (NYSE:XPEV) grew firmer on Wednesday, closing the trading session up by 14.95 percent to finish at $21.99 each as investors cheered the company’s plan to go aggressive on expanding into international markets.

Earlier this month, XPeng Inc. (NYSE:XPEV) CEO He Xiaopeng said that the company targets to increase its international market portfolio to 60 this year from 30 countries in 2024.

“This year, we will increase to 60 and will have established more than 300 after-sales service points worldwide,” he said.

As part of the promise, XPeng Inc. (NYSE:XPEV) already officially launched its G6 and G9 SUVs in Finland while signaling plans to open two showrooms in Helsinki and Espoo within the year.

Meanwhile, it is expected to launch its G7 models in Australia in 2026 and will undercut the Tesla Model Y in terms of pricing.

Over the next 10 years, he said that the international markets are expected to power its sales.

Overall XPEV ranks 2nd on our list of Wednesday’s top gainers. While we acknowledge the potential of XPEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as 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.