Xpeng’s factory in Zhaoqing, Guangdong province. Photo: SCMP/Iris Ouyang
Xpeng’s factory in Zhaoqing, Guangdong province. Photo: SCMP/Iris Ouyang

CEO of Chinese EV maker Xpeng buys 2.2 million US shares from market as new SUV model expected to boost sales, profitability

  • Xpeng’s shares have fallen more than 60 per cent in Hong Kong and New York since late June
  • The company is pinning hopes on its new G9 SUV, due for customer delivery in October, to bolster sales and enhance competitiveness

Xpeng’s factory in Zhaoqing, Guangdong province. Photo: SCMP/Iris Ouyang
Xpeng’s factory in Zhaoqing, Guangdong province. Photo: SCMP/Iris Ouyang
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