Shares of XPENG-W (09868) climbed more than 7% during the trading session. At the time of writing, the stock was up 5.13%, trading at HK$47.92 with a turnover of HK$504 million.

On June 29th, XPeng officially announced that its new smart all-electric SUV model, the MONA L03, will have its China premiere in Beijing on July 2nd at 7:00 PM. The physical vehicles are expected to start arriving at offline stores nationwide from July 1st. This model primarily targets the young consumer market. Official details on the cabin hardware configuration have been released, and relevant data from the Ministry of Industry and Information Technology has been fully disclosed.

An analysis from Industrial Securities noted that the company is positioned in the mid-to-high-end mass market with leading intelligent technology. The first quarter represented a low point in the company's product transition cycle, with pressure on deliveries and profitability meeting expectations. With the launch of the GX and the subsequent rollout of new models, delivery volumes are anticipated to accelerate growth in the second half of the year.