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EV stocks get a broad boost from VW’s purchase of 5% stake in XPeng

By: MarketWatch

July 26, 2023 at 14:20 PM EDT

Shares of electric-vehicle makers got a broad boost Wednesday as investors cheered Volkswagen AG's $700 million investment in China-based XPeng Inc.

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EV stocks get a broad boost from VW’s purchase of 5% stake in XPeng