RTTNews | Oct 7, 2021 10:52AM EDT

10:52 Thursday, October 7, 2021 (RTTNews.com) - XPeng Inc. (XPEV) shares are rising on Thursday morning trade continuing an upswing in search of a new resistance. There were no corporate announcements on the day to impact the stock movement today. Reports on the willingness of the U.S. government to re-open discussion with the Chinese premier is adding confidence to Chinese company stocks these days.

On October 1, the company has recorded a 199 percent increase in third quarter to 25,666 vehicles compared to the prior year. Monthly deliveries had set a new milestone by reaching 10,000 units.

Currently, shares are at $38.30, up 7.13 percent from the previous close of $35.75 on a volume of 6,201,056. For the 52-week period, the shares have traded in a range of $18.50-$74.49 on average volume of 9,995,843.

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