XPEV is trading at $17.19 (+4.5%) in pre-market, rebounding from its prior close of $16.45 after reporting May delivery figures.
- The company delivered 32,158 EVs in May, representing a 4% month-over-month increase despite a 4.1% year-over-year decline.
- Investors are focusing on improving GX SUV order momentum, which is being interpreted as an early turnaround signal after five consecutive months of YoY contraction.