Why XPeng Inc. (XPEV) Surged On Friday?

Insider Monkey
04-12

We recently published a list of Gold, Biopharma Firms Dominate Friday’s 10 Top Performing Stocks. In this article, we are going to take a look at where XPeng Inc. (NYSE:XPEV) stands against other Friday’s top performing stocks.

The stock market finished the trading week on a positive note, wiping out earlier losses on Friday, as investors weighed the escalating trade tensions between the US and China.

Having been battered this week, Wall Street’s major indices all finished in the green, led by the Nasdaq, up 2.06 percent, followed by the S&P 500 with 1.81 percent, and the Dow Jones with 1.56 percent.

Ten companies, predominantly under the mining and biopharmaceutical sectors, mimicked gains on the back of fresh industry catalysts that boosted buying appetite. In this article, let us explore Friday’s top performers and the reasons behind their gains.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume.

A close-up of a luxury electric sports sedan, its sleek body reflecting the energy of progress.

XPeng Inc. (NYSE:XPEV)

XPeng Inc. rallied for a third straight day on Friday, adding 11.30 percent to close at $20 each as investor optimism was fueled by its recent expansion into Europe, defying global trade uncertainties.

Earlier this week, XPEV officially entered the Polish market on Monday where it introduced three of its cutting-edge electric vehicles: the flagship G9 SUV, the ultra-intelligent G6 coupe SUV, and the sleek P7 sedan-each of which has earned the prestigious Euro NCAP 5-star safety rating.

It also unveiled the futuristic eVTOL XPENG X2, signaling a bold new chapter in AI-driven mobility that spans from smart EVs to flying cars.

Poland followed XPEV’s expansion into Finland last month with the launch of its G6 and G9 SUVs.

Meanwhile, the company also confirmed that it would launch its G7 models in Australia in 2026 and will undercut the Tesla Model Y in terms of pricing.

XPEV’s recent expansion forms part of its plan to double down on the international market portfolio this year to 60 from last year’s 30.

“This year, we will increase to 60 and will have established more than 300 after-sales service points worldwide,” said XPEV CEO He Xiaopeng.

Overall, XPEV ranks 6th on our list of Friday’s top performing stocks. While we acknowledge the potential of XPEV as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is as promising as XPEV but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.

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