NEW YORK, December 29, 2025, 00:26 ET — Market closed.
- XPeng last closed up 6.2% at $20.78 on Friday.
- The company said the 2026 P7+ will come in battery-electric and extended-range versions, targeting 36 countries.
- Traders head into Monday watching for details on launch timing and overseas traction.
XPeng Inc said on Monday it will offer a refreshed P7+ sedan in both battery-electric and range-extended versions, as the Chinese carmaker broadens beyond pure EVs. Its U.S.-listed shares last closed up 6.2% on Friday at $20.78.
The update matters now because range-extended models are one of the clearest growth pockets in China’s crowded car market. They aim to ease “range anxiety” for buyers who want electric driving but worry about charging access. CnEVPost
XPeng began teasing the 2026 P7+ on Weibo and said it will be rolled out in 36 countries as a “dual powertrain” model offering both a battery-electric version and an extended-range option, CnEVPost reported. CnEVPost
Extended-range electric vehicles, or EREVs, use a small gasoline engine to generate electricity and recharge the battery, extending driving range. XPeng said the EREV P7+ will have a combined range of up to 1,550 km (963 miles) under China’s CLTC test cycle, while the battery-electric version will offer up to 725 km.
The P7+ news follows a rally in the last session after XPeng said it had officially entered Qatar, part of a push to expand its footprint in the Middle East and Africa. At a brand launch event in Doha, the company introduced its G9 and G6 SUVs, or sport-utility vehicles, and said it plans to launch the P7+ sedan locally.
“Qatar will serve as a vital gateway for us to connect with global users,” said Wang Ke, XPeng’s general manager for the Middle East and Africa region. CnEVPost
XPeng also said it formed a strategic partnership with Mauritian distributor Axess Limited and highlighted new sales-and-service capacity in the region, including new sites in Abu Dhabi and Cairo, according to CnEVPost.
XPeng’s NYSE-listed shares ended Friday at $20.78, up $1.21 on the day. The stock traded between $19.55 and $21.18, with volume of about 14.2 million shares, according to market data.
The move came alongside gains in other U.S.-listed Chinese EV names. Nio and Li Auto rose about 4% in the last session, while Tesla fell about 2.1%.
Investors will be watching whether the P7+ refresh and overseas distribution deals translate into higher deliveries and steadier margins. Traders are also looking for a firm timetable for launches and pricing details tied to the new model push.
Before the next session, investors will be watching for any follow-on details from XPeng’s Weibo campaign, including specification disclosures and a launch date for the 2026 P7+.
China’s official factory activity survey due Tuesday evening in New York time is also on the radar, a data point that often influences sentiment toward China-linked stocks. The NBS manufacturing PMI is scheduled for release on Dec. 30, data calendars show.
On the chart, XPeng shares sit below their 52-week high of $28.24 and above the 52-week low of $11.14, according to Investing.com. Friday’s range ran from $19.55 to $21.18.
Trading resumes later Monday after the weekend break, with U.S. markets set to close on Jan. 1 for New Year’s Day, according to the Nasdaq holiday schedule.
Related articles: NYSE:XPEV
