XPeng Motors (XPEV) CEO He Xiaopeng has raised his stake in the electric vehicle maker, announcing that he bought over two million shares of the Chinese EV stock, a purchase noted to be worth over $13.5 million. This news has sent the EV stock jumping in Monday's session.

Market Domination's Josh Lipton and Alexandra Canal report on the story, noting XPeng's stock to currently be down by over 45% year-to-date.

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This post was written by Luke Carberry Mogan.