On May 26, XPeng rose 7.92% in regular trading, trading at $16.75/share, with trading volume of $74.84 million. The rally was driven by strong initial order momentum for newly launched vehicle variants and the commencement of nationwide deliveries for its flagship SUV.
On the news front, XPeng launched Max and Plus variants of the MONA M03, receiving 12,566 confirmed orders within the first hour of availability, surpassing the same period last year. Notably, the Max version accounted for 83% of orders, reflecting robust consumer demand for advanced autonomous driving capabilities. Meanwhile, XPeng GX officially began large-scale nationwide deliveries on May 25, following its May 20 launch at a starting price of RMB 269,800. The GX recorded approximately 24,863 confirmed orders within 12 hours of launch, with the Ultra flagship version representing over 80% and pure electric models exceeding half of total orders. Additionally, 20%-25% of orders after 72 hours came from entirely new customers, with store traffic surging 300%. XPeng is scheduled to hold a board meeting on May 28 to review its Q1 results.
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