Why XPeng Stock Is Racing Higher Today

XPeng Inc XPEV shares are trading higher Tuesday after the company reported delivery numbers for December and the fourth quarter. 

What Happened: XPeng said it delivered 11,292 vehicles last month, bringing total fourth-quarter deliveries up to 22,204. December deliveries were up 94% year-over-year. 

XPeng delivered 120,757 vehicles in 2022, representing a 23% increase year-over-year. 

XPeng also announced its flagship G9 SUV was named one of China's top 10 cars of the year in the Xuan Yuan Awards and received a 5-star Certification in the China Auto Health Index.

XPeng is a Chinese smart EV company that designs, develops, manufactures and markets smart EVs that appeal to technology-savvy middle-class consumers.

See Also: Nio, Li Auto Clock Record December Deliveries, XPeng's Sales Rebound

XPEV Price Action: XPeng has a 52-week high of $51.50 and a 52-week low of $6.18.

The stock was up 6.64% at $10.60 at time of publication, according to Benzinga Pro.

Photo: courtesy of XPeng.