On July 6, XPeng rose 5.05% overnight, trading at $13.69/share, with turnover of $574,600. The rally was driven by a confluence of positive catalysts including record-breaking pre-sale orders for the MONA L03 and a reiterated Buy rating from BOCOM International.

BOCOM International maintained its Buy rating on XPeng with a target price of HK$134.69, noting that the MONA L03 extends the MONA product matrix from sedans into compact SUVs, covering the mainstream RMB 150,000 segment. The MONA L03, which began pre-sales on July 2, broke all-time pre-order records across XPeng's entire lineup, with the top-tier configuration accounting for the vast majority of orders. The vehicle features a 1,500 TOPS Turing AI chip and second-generation VLA autonomous driving system, with a monthly sales target exceeding 30,000 units and planned sales across 64 countries.

Additionally, XPeng delivered 40,126 vehicles in June, up 15.9% year-over-year, with Q2 cumulative deliveries reaching 103,295 units. The company also secured a partnership with CAR Inc., including a 5,000-vehicle procurement plan over the next year, further strengthening its fundamental outlook.

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