Movement Alert|XPeng Group Rises 3.54% in Regular Trading, May Deliveries and Macquarie Upgrade Boost Sentiment

Market Focus06-02 10:01

On June 2, XPeng Group-W (09868) rose 3.54% in regular trading, trading at 69.75 HKD/share, with trading volume of 5.62 billion HKD.

On the news front, the company reported May deliveries of 32,158 vehicles, up 4% sequentially, while Macquarie recently upgraded XPeng from neutral to outperform. According to FactSet, analysts polled have assigned an average target price of $23.09 for the U.S.-listed shares.

Additionally, XPeng's flagship SUV model GX recorded 24,863 orders within 12 hours of launch, significantly exceeding expectations, with large-scale deliveries set to begin in June. The company guided Q2 deliveries of 100,000 to 106,000 units, representing approximately 60% to 69% sequential growth, well above consensus estimates. Management also confirmed that its IRON humanoid robot is on track for mass production by year-end, with commercial deployment in XPeng stores expected in early next year.

Within the Automobile Manufacturers sector, BYD Company rose 3.58%, NIO-SW rose 3.22%, while Geely Auto fell 4.07%, Great Wall Motor fell 4.41%, and Li Auto fell 2.82%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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