XPeng Inc. (XPEV) Stock Surges Over 15% Following Strong Q1 2025 Earnings and Record Deliveries

XPeng shares rallied sharply after the Chinese EV Maker reported first-quarter results that far exceeded expectations. The stock climbed 11.43% to $21.94 in morning trading as investors cheered the company’s accelerating growth trajectory.

Deliveries skyrocketed 331% year-over-year to 94,008 vehicles, setting a new quarterly record. Revenue growth kept pace, jumping 141.5% to RMB15.81 billion ($2.18 billion), with vehicle sales revenue increasing even faster at 159.2%. Margins showed significant improvement, with gross margin reaching 15.6% and vehicle margin hitting 10.5%.

The company’s recently launched X9 model comes standard with AI Smart Driving capabilities, positioning XPeng at the forefront of intelligent EV technology. This technological edge, combined with robust financial performance, suggests the company is gaining meaningful traction in China’s competitive electric vehicle market.