XPeng (09868.HK) shares surged 9.80% in Hong Kong during the Thursday morning session, following a stellar performance in the U.S. market where the stock jumped 13.5%. The impressive rally comes on the heels of the Chinese electric vehicle maker's better-than-expected first-quarter results and optimistic future outlook.

The company reported a narrower-than-anticipated loss of 3 cents per share for Q1, significantly beating Wall Street's expectations of a 21-cent loss. Revenue soared 185.2% year-over-year to 15.81 billion yuan ($2.2 billion), surpassing analyst estimates of 15.12 billion yuan. XPeng's gross profit margins improved for the seventh consecutive quarter, reaching 15.6%, which is more than 1 percentage point better than estimates and up almost 3 percentage points year-over-year.

Investors were particularly encouraged by XPeng's strong guidance for the second quarter and beyond. The company expects to deliver between 102,000 to 108,000 vehicles in Q2, representing a staggering year-over-year growth of 238% to 258%. XPeng's management expressed confidence in more than doubling sales in 2025 and achieving profitability by the fourth quarter of this year. Adding to the excitement, the company also unveiled plans to launch both industrial and commercial humanoid robots in 2026, aiming to achieve industry-leading levels of intelligence in this new venture.