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XPeng Shares Jump 3% After Posting 78% Growth in May Deliveries YoY

XPeng brings flagship model to scarce market ©

XPeng stock rose nearly 2% after the company reported deliveries of 10,125 smart electric vehicles (EVs), representing a monthly increase of 12.5% and a year-on-year surge of 78%.

Source: XPeng

XPEV up +1.57%, NIO up +1.50%, Pre-market trading.

The deliveries comprised 4,224 P7 smart sports sedans, 3,686 P5 smart family sedans, and 2,215 G3 smart compact SUVs.

XPeng resumed double-shift production at their Zhaoqing plant as China is beginning to slowly open up from the recent Covid-related lockdowns.

The company also seeks to launch the ACC-L and LCC-L through over-the-air updates. These will represent the first adaptive cruise control and lane center functions adopting camera and LiDAR perception.

XPeng has operated 954 self-managed charging stations, including 774 supercharging stations and 180 destination charging stations across China.


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