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.

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