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Investing.com-- Shares of Xpeng (NYSE:XPEV) Inc (HK:9868) surged in Hong Kong trading on Tuesday after the Chinese electric vehicle maker reported a sharp increase in quarterly deliveries.
Xpeng delivered 94,008 Smart EVs in the first quarter of 2025, marking a 331% jump year-over-year, the company said in a filing.
March deliveries reached 33,205 units, a 268% jump from last year.
Xpeng also noted that its advanced driving system’s user penetration rate in urban settings hit 86% last month.
Hong Kong-listed shares of the company surged as much as 9.5% to HK$86.25 during the day. They were trading 6.1% higher at HK$83.60 as of 06:35 GMT.
The rally comes amid broader market attention on Chinese EV makers as U.S. tariffs on Chinese auto imports remain a key risk, with Washington expected to announce updates on April 2.