Benzinga | Oct 13, 2021 03:12PM EDT

Why Xpeng Shares Are Rising

Shares of several Chinese stocks, including Xpeng Inc - ADR (NYSE:XPEV), are trading higher following the release of Chinese September trade data.

China's exports in U.S. dollar terms surged 28.1% year-over-year in the month of September to $305.74 billion, beating the 21% growth figure expected by the Reuters poll.

Xpeng is a Smart Electric Vehicle company designing, developing, manufacturing, and marketing smart electric vehicles in China. The company manufactures environmentally-friendly vehicles, namely an SUV (the G3) and a four-door sports sedan (the P7).

XPeng has a 52-week high of $74.49 and a 52-week low of $18.50.