Movement Alert|XPeng Group Rises 3.05% in Regular Trading, GX Flagship SUV Launch Draws Nearly 25000 Orders in 12 Hours

Market Focus05-22

On May 22, XPeng Group rose 3.05% in regular trading, trading at 62.4 HKD/share, with trading volume of approximately 278 million HKD. The stock continued its upward momentum following the successful launch of its flagship GX SUV.

XPeng GX officially launched on May 20, priced between 269,800 and 349,800 yuan with limited-time offers, significantly below prior pre-sale expectations. The company reported 24,863 confirmed orders within 12 hours of launch, with approximately 80% selecting the top-tier Ultra flagship version priced at 349,800 yuan, signaling strong demand for high-specification models. Chairman He Xiaopeng stated the results exceeded his expectations and confirmed that April gross margins hit a new high.

CLSA reaffirmed its Outperform rating with an HK$80 target price, projecting monthly GX sales of 4,000-5,000 units once stabilized, supporting its full-year delivery forecast of approximately 453,000 vehicles. The broker expects margins to stabilize at 15%-20% after the promotional phase. The broader auto sector also benefited from Q1 new energy vehicle export growth of over 120% year-on-year and Tesla FSD entry into China catalyzing smart driving valuations.

(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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