Press release
Investigation announced for Investors in shares of XPeng Inc. (NYSE: XPEV) over potential Wrongdoing
An investigation on behalf of investors in XPeng Inc. (NYSE: XPEV) shares over potential wrongdoing at XPeng Inc. was announced.
Investors who purchased shares of XPeng Inc. (NYSE: XPEV) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain XPeng Inc. officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
China based XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles (EV) in the People's Republic of China. XPeng Inc. reported that its annual Total revenue rose from over 20.98 billion CNY in 2021 to over 26.85 billion CNY in 2022, and that its Net Loss rose from over 4.86 billion CNY in 2021 to 9.13 billion CNY in 2022.
Shares of XPeng Inc. (NYSE: XPEV) declined from $23.62 per share on July 28, 2023, to as low as $13.37 per share on October 19, 2023.
Those who purchased shares of XPeng Inc. (NYSE: XPEV) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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