XPeng (XPEV) stock jumps 8% as flying-car IPO report hits tape, EU tariff rules in focus
XPeng shares rose 8.2% to $21.66 in U.S. trading after Bloomberg reported the company hired JPMorgan and Morgan Stanley to prepare a Hong Kong IPO for its flying-car unit. The division, now called Aridge, was valued at $2 billion after a mid-2024 funding round. The company also launched its 2026 P7+ sedan and reported 2025 global deliveries of 429,445 vehicles.