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XPeng Slips 11% After It Removes Main Battery Supplier

Shares of Chinese electric car maker XPeng Inc. (XPEV) are down 11 percent on Wednesday's trading after the company revealed that it has shuffled its its battery suppliers and industry giant CATL is no longer its primary supplier.

Currently at $14.23, the stock has traded between $14.12 and $56.45 during the past 52 weeks.

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