XPEV - XPeng pops 10% after early rush of G6 orders reported
2023-06-12 07:13:55 ET
XPeng ( NYSE: XPEV ) broke higher in early trading on Monday after the Chinese electric vehicle maker disclosed on a social media account that over 25K customers have pre-ordered its new G6 model in just three days.
The strong early reception to the new model came ahead of the official launch set for June 29. XPeng ( XPEV ) began sales of the electric G6 SUV at a prices of RMB 263,900, RMB 313,900, and RMB 363,900 across the three different variants. Deliveries of the G6 are expected to begin in July.
XPeng ( XPEV ) delivered 7,560 EVs in May and 7,079 EVs in April.
Shares of XPeng ( XPEV ) jumped 9.58% in premarket trading on Monday to $9.72 vs. the 52-week trading range of $6.18 to $35.35. The EV stock trades below its 50-day, 100-day, and 200-day moving averages.
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XPeng pops 10% after early rush of G6 orders reported