Xpeng Inc. shares surged to their highest level in more than three years, amid growing optimism over the Chinese electric carmaker’s progress in technologies including humanoid robots.
The Hong Kong-listed shares rallied 18% on Tuesday to the highest level since July 2022. It was also their biggest one-day gain in over two years. The company’s American depositary receipts surged 16% on Monday, buoyed also by a broad advance in the US market.