Xpeng Inc is trading 6.8% up at $17.57 following improved May delivery momentum and renewed interest in its SUV lineup.
- The company reported May deliveries of 32,158 vehicles, representing a 4% month-over-month increase.
- Strong demand and aggressive pricing for the new GX SUV have significantly boosted orders, resulting in extended wait times.
- Investors are reacting positively to the delivery resilience and sequential growth, which has overshadowed a slight year-over-year decline.