Xpeng is trading 4.13% up now at $11.61 after investors responded positively to its robotics subsidiary securing more than $900 million in financing at a valuation exceeding $6.3 billion.
- Bank of America reiterated a Buy rating and $19 price target following the funding round.
- The rebound follows an 8.53% decline on August 24, when weak third-quarter guidance and wider losses overshadowed the robotics news.