XPeng Inc. ( XPEV ) is seeing its stock rise on Tuesday, in line with a broader uptick in Chinese stocks, following reports that China’s central bank plans to implement measures to support economic growth.

Meanwhile, the leading Chinese electric vehicle manufacturer has reportedly announced a new deal with BP Pulse, the EV charging arm of British oil giant BP , CnEV Post reports.

Under the terms of the memorandum of understanding, both companies will share their respective charging networks, allowing customers to access over 30,000 charging stations spread across 420 cities in China.

According to Benzinga Pro, XPEV stock has gained about 19% in the past year.

Investors can gain exposure to the stock via VanEck Low Carbon Energy ETF ( SMOG ) .

This partnership follows XPeng’s previous collaboration with Volkswagen AG ( VLKAF ), further enhancing the company’s charging infrastructure.

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Additionally, XPeng ( XPEV ) recently previewed its G7 SUV, aimed at competing in the RMB250,000 ($34,100) market segment.

The G7, designed with family users in mind, offers ample space and advanced AI features, making it a strong contender in the Chinese EV market.

XPeng ( XPEV ) also made news recently by selecting RTI Connext Drive as the core communication technology for its next-generation vehicle architecture, starting with 2026 models.

This technology will enhance data management and drive smarter, more efficient designs for XPeng’s future cars.

Price Action: XPEV stock is trading higher by 7.43% to $12.69 at last check Tuesday.

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