Why These 10 Companies Were Heavily Sold Down

7. XPeng Inc. (NYSE:XPEV)

XPeng Inc. extended its losing streak for a third straight day on Tuesday, dropping 6.32 percent to end at $18.67 apiece amid the lack of fresh catalysts to spark buying appetite, having already priced in its announcements at the Shanghai Auto Show.

In recent news, reports surged that XPeng Inc. (NYSE:XPEV) will introduce new electric sedans to the market as early as next week.

With an international code name of E29, the new vehicle was said to have a powerful powertrain as one of its selling points.

In other news, XPeng Inc. (NYSE:XPEV) officially entered the Polish market with the introduction of the flagship G9 SUV, the ultra-intelligent G6 coupe SUV, and the sleek P7 sedan, which has earned the prestigious Euro NCAP 5-star safety rating.

It also unveiled the futuristic eVTOL XPENG X2, signaling a bold new chapter in AI-driven mobility that spans from smart EVs to flying cars.

Poland followed XPEV’s expansion into Finland last month with the launch of its G6 and G9 SUVs.

Meanwhile, the company also confirmed that it would launch its G7 models in Australia in 2026 and will undercut the Tesla Model Y in terms of pricing.