XPeng Shares Surge Nearly 8% as GX Model Launches Nationwide Delivery
Stock News
May 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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.