On June 1, XPeng rose 5.53% in regular trading, trading at $17.55/share, with trading volume of $40.65 million. Multiple positive catalysts converged to drive the stock higher.

On the news front, XPeng reported Q1 total revenue of RMB 13.03 billion, exceeding market expectations of RMB 12.91 billion, with overall gross margin reaching 20.6%, up 5 percentage points year-over-year. The company also announced May deliveries of 32,158 vehicles, representing a 4% sequential increase. Meanwhile, the flagship SUV XPeng GX officially launched and will begin large-scale deliveries in June, with 24,863 firm orders placed within 12 hours of launch. The Ultra flagship variant accounted for over 80% of orders, while showroom traffic and test drives hit all-time highs for a new model launch.

Additionally, Macquarie upgraded XPeng from neutral to outperform, with FactSet consensus showing a mean price target of $23.09. The company guided Q2 deliveries of 100,000 to 106,000 units. XPeng is also advancing its Physical AI initiatives including second-generation VLA models, Turing AI chips, Robotaxi, and humanoid robotics.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)