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Benzinga
Benzinga
Business
Rachit Vats

Cathie Wood Loads Up Another $3.2M In This Chinese Tesla Rival

Cathie Wood Tesla Inc. Xpeng Li NYSE Ark Invest Ark Investment Management U.S.-listed Xpeng Inc XPEV

Cathie Wood led Ark Investment Management on Monday raised its exposure in the U.S.-listed Chinese electric vehicle maker Xpeng Inc (NYSE:XPEV), whose deliveries are growing fast.

The popular money managing firm bought 87,092 shares —estimated to be worth $3.2 million — in the Guangzhou, China-based Xpeng.

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