Xpeng Inc. (XPEV, Financial) shares increased over 1% in pre-market trading, reaching $12.04. The rise follows Xpeng's announcement that its P7+ model achieved a production milestone, with 10,000 units rolling off the line just 20 days after its launch. This achievement marks the fastest production record among new car manufacturers.
The P7+ was launched on November 7, priced between 178,800 and 218,800 yuan. Within just three hours of its release, orders surpassed 31,528 units, setting a new sales record for the company. Xpeng's CEO, He Xiaopeng, stated that the company is working at full capacity to increase production and expedite deliveries to customers.
