US Stock Market Move | New energy vehicle concept stocks rallied across the board, with XPeng, Inc. ADR Sponsored Class A (XPEV.US) rising nearly 4%.

On Friday, Chinese concept stocks of new energy vehicles rose across the board, with XPeng, Inc. ADR Sponsored Class A (XPEV.US) up nearly 4%, Li Auto, Inc. Sponsored ADR Class A (LI.US) up nearly 3%, and NIO Inc. Sponsored ADR Class A (NIO.US) up over 1%. In recent news, Li Auto, Inc. Sponsored ADR Class A has made a key breakthrough in its overseas business expansion. Following its entry into the Uzbekistan market, Li Auto, Inc. Sponsored ADR Class A has officially entered the markets in Egypt, Kazakhstan, and Azerbaijan, marking the completion of its core market layout across Central Asia, the Caucasus region, and Africa. This signifies a substantial step in the brand's globalization process. Recently, XPeng, Inc. ADR Sponsored Class A held a grand brand launch event in Doha, Qatar, signifying its official entry into the high-end Middle Eastern market. At this event, the XPeng G9 and XPeng G6 were showcased together, with a preview of the upcoming XPeng P7+ model, aiming to provide local consumers with a more diverse selection of smart travel options. The XPeng Heavensign flying car was also exhibited, demonstrating the brand's forward-looking exploration of future travel.