'$XPEV rise 4.65% to $17.4 premarket after its partner Volkswagen announces plan to introduce new EV models in Chinese market
** Volkswagen announces that it will develop a new platform, known as the A Main Platform, for entry-level EVs in China'
Reuters reporting the reason behind $XPEV's PM rise and this also follows our chart too, as we had $XPEV moving up Subwave 5.
Our Subwave 5 target is set at $20, this could run as high as $20 today on this news......$NIO could do with this influence from a legacy manufacturer.