US Stock Market Move | New subsidy details for the automotive sector are set to be announced tomorrow. XPeng, Inc. ADR Sponsored Class A (XPEV.US) was up over 4% in pre-market trading.

On Thursday, XPeng, Inc. ADR Sponsored Class A (XPEV.US) rose more than 4% in pre-market trading, reaching $13.65 per share. According to reports from Financial Association, it is planned to release detailed rules supporting subsidies for the purchase of new cars in the automotive sector this Friday, based on information from multiple sources. Dongxing pointed out that by 2024, with the help of the old-for-new policy, the production and sales of the automobile market in China will achieve growth, while the market penetration rate of new energy vehicles continues to increase, and hybrid models continue to gain market share with their many advantages. Looking ahead to 2025, with the expansion of subsidy policies, the automobile market is expected to maintain stability.