Xpeng Inc is trading 5.2% up at $18.09 as investors continue to react positively to improving May delivery momentum and robust demand for its new GX SUV.
- The company reported May deliveries of 32,158 vehicles, signaling strong operational momentum and growth prospects.
- High interest in the aggressively priced GX SUV is bolstering market sentiment despite ongoing competition within the electric vehicle sector.
- The stock has experienced sharp gains over the past week as investors focus on the company's ability to scale production and maintain demand.