XPeng Stock Pops on Narrower Q1 Loss, More Deliveries Than Expected
1. XPeng's Q1 results exceeded estimates, boosting shares significantly. 2. Delivered 94,008 vehicles, generating revenue of CNY15.81 billion. 3. Adjusted loss was CNY0.45 per ADS, smaller than forecasts. 4. Second-quarter delivery projections are in line with analyst consensus. 5. XPeng shares gained 11%, up over 85% year-to-date.