XPeng Inc. (NYSE:XPEV) shares are trading higher on Tuesday.

In fact, shares of U.S.-listed Chinese companies are trading higher after China Central Bank announced a new stimulus package.

Xpeng has formed a dealership agreement to penetrate the Qatari market, advancing its global presence, reported CnEV Post. The pact designates Pioneer Motors, part of Qatar's Almana Group, as its collaborator in this initiative.

According to a report by the South China Morning Post, by year's end, motorists in Qatar will have the opportunity to purchase various all-electric Xpeng models featuring autonomous driving technology, such as the P7 sedan and G6 SUV.

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South China Morning Post added that Latin America, the Middle East, and Southeast Asia are emerging as significant markets for Chinese electric vehicle manufacturers regarding exports and production sites, citing a report published by Moody's in late August.

These areas exhibited reduced geopolitical risks, and their electric vehicle adoption is increasing as their gross domestic product per capita rises and their climate change efforts advance, the report noted.

According to Benzinga Pro, XPEV stock has lost over 39% in the past year. Investors can gain exposure to the stock via SPDR S&P Kensho Smart Mobility ETF (NYSE:HAIL) and Invesco WilderHill Clean Energy ETF (NYSE:PBW).

Price Action: XPEV shares are trading higher by 7.17% to $10.25 at last check Tuesday.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.