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Stock Track | XPeng Surges 11.77% as China Unleashes Massive Stimulus, Plans Qatar Expansion

Shares of XPeng Inc. , a leading Chinese electric vehicle maker, soared 11.77% on September 24th, driven by a combination of positive developments for the company and the broader Chinese market.The rally was fueled primarily by China's central bank unveiling a sweeping stimulus package aimed at reviving the nation's faltering economy and bolstering its beleaguered stock market. The measures include providing at least 800 billion yuan in liquidity support for the equity market, potentially throu

Stock Track | XPeng Surges 11.77% as China Unleashes Massive Stimulus, Plans Qatar Expansion

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(XPEV), a leading Chinese electric vehicle maker, soared 11.77% on September 24th, driven by a combination of positive developments for the company and the broader Chinese market.</p>\n\n<p>The rally was fueled primarily by China's central bank unveiling a sweeping stimulus package aimed at reviving the nation's faltering economy and bolstering its beleaguered stock market. The measures include providing at least 800 billion yuan ($113 billion) in liquidity support for the equity market, potentially through the establishment of a stock stabilization fund.</p>\n\n<p>Additionally, the People's Bank of China announced plans to lower borrowing costs on mortgages worth $5.3 trillion and ease rules for second-home purchases, in a bid to shore up the troubled property sector. 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(XPEV), a leading Chinese electric vehicle maker, soared 11.77% on September 24th, driven by a combination of positive developments for the company and the broader Chinese market.\nThe rally was fueled primarily by China's central bank unveiling a sweeping stimulus package aimed at reviving the nation's faltering economy and bolstering its beleaguered stock market. The measures include providing at least 800 billion yuan ($113 billion) in liquidity support for the equity market, potentially through the establishment of a stock stabilization fund.\nAdditionally, the People's Bank of China announced plans to lower borrowing costs on mortgages worth $5.3 trillion and ease rules for second-home purchases, in a bid to shore up the troubled property sector. 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