Popular investment management firm Ark Invest, led by Cathie Wood, added yesterday another $2 Million in Xpeng’ shares, the U.S. listed Chinese electric vehicle maker. ARKQ is ARK’s ETF focused on Autonomous Tech. & Robotics. Ark Invest bought 55,178 shares, estimated to be worth $2 million based on yesterday closing price.
ARKQ is an actively managed ETF that seeks long-term growth of capital by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of of autonomous technology and robotics companies that are relevant to the Fund’s investment theme. Autonomous technology and robotics companies are companies that the Adviser believes are expected to focus on, among other things, disruptive innovation in automation and manufacturing, transportation, energy, artificial intelligence, and materials.
Xpeng’s stock closed 9.14% higher at $35.09 a share on Monday and has fallen 7.68% in the past five days.
XPeng delivered 12,922 Smart EVs in January 2022, representing a 115% increase year-over-year, exceeding the monthly delivery benchmark of 10,000 units for the fifth consecutive month.
Deliveries in January 2022 consisted of 6,707 P7 smart sports sedans, representing an 81% increase year-over-year. 4,029 P5 smart family sedans were delivered in January, bringing total deliveries to over 11,000 since its launch in September 2021. 2,186 G3 and G3i smart compact SUVs were delivered in January.
As of January 31, 2022, the Company’s cumulative Smart EV deliveries surpassed 150,000.
XPeng is carrying out a technology upgrade at its Zhaoqing plant, taking advantage of the scheduled production downtime over the Chinese New Year Holiday starting at the end of January to early February. The upgrade will enable accelerated delivery of the significant order backlog carried over from 2021 as well as allow us to better serve the increasing demand in the new year.
XPeng continues to rapidly expand its network in China. XPeng provided fast and reliable charging services to customers at 813 branded supercharging stations across 333 Chinese cities since 17 January 2022.