Shares of Chinese EV maker, XPeng (NYSE: XPEV) surged in pre-market trading at the time of publishing on Monday after the company stated on its social media account that more than 25,000 customers had pre-ordered its new G6 model in the past three days alone.
XPeng is expected to launch the all-electric G6 SUV on June 29 across three different variants and priced at RMB 263,900, RMB 313,900, and RMB 363,900, respectively. Vehicle deliveries of the G6 are expected to begin in July.
In the month of April, XPeng delivered 7,079 vehicles even as losses widened in Q1 and the Q2 outlook was bleak.
Analysts are sidelined about XPEV stock with a Hold consensus rating based on two Buys, four Holds, and two Sells.
