XPeng Stock Update: Strong Sales and Expansion Plans

XPeng Inc. (NYSE:XPEV) is experiencing a boost in its stock price during the premarket session on Friday, with shares rising by 3.89%.

The increase comes after the electric vehicle manufacturer reported exceptional sales figures for the beginning of the year, a period generally known for slow performance in China's auto market.

In the first week following the Chinese Spring Festival, XPeng saw a spectacular 7.6-fold increase in order intake compared to the same week in 2024, according to reports from CnEV Post. This remarkable growth is particularly significant, given that February typically poses challenges for auto sales due to holiday disruptions.

The company’s impressive results can be attributed in large part to two successful new models, including the Mona M03. This vehicle alone has achieved deliveries exceeding 60,000 units as of mid-January, significantly outpacing expectations for what is usually a slow sales month.

Moreover, XPeng’s stock has shown strength over the last year, gaining over 77% according to Benzinga Pro. For those looking to invest in this stock, there is an option to gain exposure through the VanEck Low Carbon Energy ETF (ARCA:SMOG).

In addition to these sales successes, XPeng recently announced exciting plans for expansion, including the establishment of a new headquarters in Guangzhou set to open in August. This relocation is aimed at supporting the company’s ambitious hiring strategy, with plans to expand its workforce by thousands in the upcoming year.

XPeng is also broadening its presence in various other cities, a clear indication of its determination to grow even further. These developments, paired with robust sales performance and an appealing product range, firmly establish XPeng as a noteworthy contender in the electric vehicle sector.

Current Price Action: At the latest check, XPeng shares traded higher at $16.58 during the premarket session on Friday.

XPeng, Stock, Sales