XPeng: Strong June Deliveries Create Upside

XPeng delivered 103,295 vehicles in Q2, surpassing its guidance midpoint and showing strong Mona and GX momentum. Find out why XPEV stock is a Buy.

XPeng (XPEV) reported strong delivery figures for the month of June, driven by robust Mona sales as well as a new product launch, the SUV GX, which has seen a strong market reception since May. XPeng's Mona M03 Summary - XPeng delivered 103,295 vehicles in Q2, surpassing its guidance midpoint and showing strong Mona and GX momentum. - Mona-branded deliveries accounted for 36% of June's total, while GX represented 17% of deliveries, supporting expectations for sequential gross margin gains in Q2.

- The company's price-to-revenue ratio of 0.6x remains higher than peers, but recent downside revaluation enhances its risk/reward appeal. - While NIO posted faster growth, XPEV's June growth and GX delivery execution position it well for margin improvement next quarter.

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