XPENG (09868.HK) stock is soaring 5.08% in pre-market trading on Tuesday, following the announcement of impressive vehicle delivery results for March and the first quarter of 2025. The Chinese electric vehicle maker reported a significant surge in deliveries, showcasing strong growth and market demand for its smart EVs.

According to the company's latest report, XPENG delivered 33,205 units in March, representing a remarkable 268% increase compared to the same period last year. This substantial growth in monthly deliveries has caught investors' attention, driving the stock's pre-market rally. For the entire first quarter of 2025, XPENG's performance was equally impressive, with total deliveries reaching 94,008 Smart EVs, marking a 331% year-over-year increase.

The surge in deliveries can be attributed to XPENG's recent product launches and technological advancements. On March 13, 2025, the company introduced upgraded versions of its XPeng G6 and G9 models at its Spring 2025 Launch conference. These new versions come equipped with 5C AI batteries and Turing AI-powered smart driving features across all trims, enhancing the appeal of XPENG's product lineup. Additionally, the company reported an 86% monthly active user penetration rate in urban driving for March 2025, indicating strong user engagement. XPENG's global expansion efforts, including its recent entry into the Indonesian market, further contribute to its growth story and investor optimism.