On May 26, XPeng rose 5.77% overnight, trading at $16.7/share, with trading volume of $2.698 million. The surge was driven by strong initial order momentum for the companys newly launched MONA M03 Max and Plus variants.

According to official disclosures, the MONA M03 new variants recorded 12,566 confirmed orders within one hour of launch, surpassing the same-period performance from last year. Notably, the Max version accounted for 83% of total orders, signaling robust consumer demand for higher-spec intelligent driving configurations. The Max version is priced at RMB 129,800 for the 502km range variant and RMB 139,800 for the 600km variant, while the Plus version ranges from RMB 119,800 to RMB 129,800. Additionally, XPeng GX previously secured approximately 24,900 confirmed orders within 12 hours of its launch, reinforcing the companys strong new vehicle cycle.

On the institutional side, CLSA reiterated its Outperform rating on XPeng with a US stock target price of $20, projecting that the GX will optimize product mix to support margins, while maintaining a full-year sales forecast of approximately 453,000 units.

(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.)