XPeng Shares Surge Nearly 8% as GX Model Launches Nationwide Delivery

Stock News
05/26

On Tuesday, shares of XPeng Inc. (XPEV.US) rose nearly 8% to $16.83. The catalyst for this movement was the official commencement of nationwide mass deliveries for the XPeng GX model. The first batch of GX owners received their vehicles at a delivery ceremony held on May 25 at the XPeng Huitian Flying Car Exhibition Hall in Guangzhou. The XPeng GX was launched on May 20 with a limited-time starting price of 269,800 yuan. Official data indicates that within 12 hours of its launch, firm orders exceeded 24,863 units. Notably, over 80% of these orders were for the Ultra flagship version, and more than half of the total orders were for the pure electric variant.

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