Xpeng's stock just hit a 7-week high after the Chinese EV maker posted solid first-quarter earnings and an optimistic outlook, signaling a potential turnaround after a rocky stretch. Investors are clearly betting that the company’s cost-cutting and revamped models are paying off.

What This Mean: Xpeng’s rebound is a big deal because it shows the EV market isn’t just a Tesla-and-BYD show—smaller players can still make waves if they play their cards right. For anyone watching the EV space, this could hint at shifting momentum in China’s hyper-competitive auto sector.