Stock Track | XPENG-W Soars 5.53% Intraday on Strong June Delivery Data and New Model Launch

Stock Track

07/02

XPENG-W (09868) surged 5.53% intraday on Thursday, reflecting strong investor sentiment toward the electric vehicle maker.

The stock movement follows the company's announcement of robust June delivery figures. XPeng delivered 40,126 new vehicles in June, representing a 15.93% year-over-year increase and surpassing the 40,000-unit mark for the first time in seven months. This marks the fourth consecutive month of sequential growth, signaling a clear recovery trend.

Additionally, the company launched its new MONA L03 smart electric SUV in China, with pre-sales opening simultaneously. The vehicle features advanced autonomous driving capabilities and targets a competitive price segment. The company's GX model also achieved deliveries of 6,739 units in June, with its 10,000th vehicle officially rolling off the production line.

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