On May 28, XPeng rose 5.17% overnight, trading at $17.28/share, with trading volume of $9.37 million.

The rally was driven by multiple catalysts including the strong market reception of its newly launched flagship SUV, the XPeng GX, and the upcoming Q1 earnings release. XPeng's board held a meeting on May 28 to approve and release financial results for the first quarter ending March 31. Meanwhile, the XPeng GX officially began nationwide large-scale deliveries on May 25. The full-size flagship SUV, priced from RMB 269,800, recorded 24,863 firm orders within 12 hours of launch, with the Ultra flagship version accounting for over 80% and pure electric models comprising more than half of total orders. Industry sources indicated that 20%-25% of orders placed within 72 hours of launch came from entirely new customers, with showroom traffic surging 300%.

Additionally, XPeng recently held a robotics mass production mobilization meeting attended by CEO He Xiaopeng and other senior executives, signaling accelerated progress in its humanoid robot business with mass production targeted by the end of the year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)