XPeng Inc. (XPEV) Expands Charging and Global EV Presence

XPeng Inc. (NYSE:XPEV) is one of the best emerging markets stocks to buy right now. On February 9, XPeng Inc. (NYSE:XPEV) entered into a strategic partnership with Antom to launch a unified in-app payment solution for electric vehicle charging.

The two have launched an in-app payment system in Hong Kong, marking XPENG’s first push into payment opportunities on the global stage. The payment system will allow XPENG drivers in Hong Kong to initiate and pay for charging directly from the XPENG app using AlipayHK. The payment service will cover charging stations operated by Cornerstone Technologies and about 1,600 public EV chargers.

The strategic partnership is also poised to pave the way for XPENG to expand its footprint into other Southeast Asian markets, targeting Singapore, Thailand, Malaysia, and Indonesia.

Lawrence Li, General Manager of XPENG Overseas Charging, commented: “Our collaboration extends beyond charging payments – our ecosystems complement each other. By leveraging Antom and Ant International’s global user reach to drive traffic to XPENG’s branded charging stations, we can initiate broader cross-industry partnerships, bringing a richer, more engaging experience to users worldwide.”

On February 1, XPeng Inc. reported delivering 20,011 vehicles in January. The company also launched its new P7+ model across 36 countries and showcased it at the Brussels Motor Show. XPeng said these deliveries could cut greenhouse gas emissions by over 300,000 tons, equal to the carbon absorption of nearly 5 million tree seedlings over 10 years. By the end of 2025, XPeng was operating in 60 countries with a fast-growing sales network of 380 stores and more than 1,000 outlets worldwide.

XPeng Inc. (NYSE:XPEV) is a leading Chinese technology company that designs, develops, manufactures, and markets smart electric vehicles (Smart EVs). The company is heavily focused on AI-driven mobility, targeting tech-savvy middle-class consumers with vehicles that feature advanced, in-house developed software.

While we acknowledge the potential of XPEV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: Top 10 Materials Stocks to Buy According to Analysts and 10 Best Organic Food and Farming Stocks to Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.