XPeng's New SUV Gets Over 25K Pre-Orders In Just 3 Days
Portfolio Pulse from Anan Ashraf
XPeng Inc has received over 25,000 pre-sale orders in China for its G6 SUV within three days. The vehicle, which debuted in April, has a maximum range of 755km and can charge 300km in 10 minutes. XPeng reported a 45.9% YoY sales decline in Q1 FY23.
June 12, 2023 | 10:30 am
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XPeng's G6 SUV receives over 25,000 pre-sale orders in 3 days, showcasing strong demand for the vehicle. However, the company reported a 45.9% YoY sales decline in Q1 FY23.
The strong pre-sale orders for XPeng's G6 SUV indicate a high demand for the vehicle, which could positively impact the company's revenues and stock price in the short term. However, the recent sales decline in Q1 FY23 should be considered when evaluating the overall performance of the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100