On July 1, XPeng rose 5.32% in regular trading, trading at $13.905/share, with turnover of $42.21 million. The stock had already gained over 3% in pre-market trading before extending gains during the session.

On the news front, XPeng reported June deliveries of 40,126 vehicles, representing a 15.9% year-over-year increase. Second-quarter cumulative deliveries reached 103,295 units, marking a significant volume milestone. The company also noted that its GX model delivered 6,739 units in June, with the 10,000th unit rolling off the production line on July 1. XPeng indicated that GX production capacity will continue ramping, potentially shortening delivery wait times by one to three weeks.

Additionally, XPeng confirmed that its new MONA L03 SUV will debut in China on July 2 with pre-sales starting the same day, followed by a global launch later this month. CEO He Xiaopeng stated the model will feature full-spec second-generation VLA autonomous driving with 1,500 TOPS effective computing power, delivering an intelligent driving experience comparable to flagship vehicles priced at 500,000 yuan.

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