Movement Alert｜XPeng Rises 6.03% in Pre-Market Trading, MONA M03 New Variants Secure Over 12,500 Orders in First Hour

Market Focus

May 26

On May 26, XPeng rose 6.03% in pre-market trading, trading at $16.51/share, with trading volume of $1.13 million.

The rally was driven by strong initial order momentum for newly launched vehicle variants. XPeng's MONA M03 Max and Plus new variants received 12,566 confirmed orders within the first hour of launch, surpassing the same period last year, with the Max version accounting for 83% of orders, signaling robust consumer demand for advanced autonomous driving configurations.

Additionally, the XPeng GX recorded approximately 24,900 confirmed orders within 12 hours of its launch, with 20%-25% of orders coming from entirely new customers after 72 hours, and store traffic surging 300%. CLSA reiterated its Outperform rating on XPeng with a US$20 price target, projecting GX will optimize product mix to support margins and maintaining a full-year sales forecast of approximately 453,000 units. The company is scheduled to hold a board meeting on May 28 to review Q1 results.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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