US Stock Market Move | China's new forceful car company defies market trends and rises. XPeng, Inc. ADR Sponsored Class A(XPEV.US) surged more than 4%.

date
23:42 12/03/2026
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GMT Eight
On Thursday, Chinese new energy vehicle companies surged against the market trend.
On Thursday, Chinese new energy vehicle companies rose against the trend, with NIO Inc. Sponsored ADR Class A (NIO.US), XPeng, Inc. ADR Sponsored Class A (XPEV.US) up more than 4%, and Li Auto, Inc. Sponsored ADR Class A (LI.US) up nearly 1%. On the news front, it was reported that European automotive giant Stellantis is in talks with Chinese electric vehicle companies Xiaomi and Xiaopeng to discuss cooperation in their European operations. The negotiations are still in the exploratory stage, but involve significant capital and capacity cooperation.