Xpeng's HK shares hit 7-week high on higher Q1 results

HK shares of Chinese EV maker Xpeng 9868.HK jump 10.2% to HK$85.45, highest since April 2

Set for biggest one-day pct rise since May 12; stock top pct gainer on Hang Seng Automobile Index .HSAMI, which is up 1.4%

U.S.-listed stock XPEV.N rose 13% on Wednesday

XPeng forecasts Q2 revenue of 17.5 billion yuan ($2.43 billion)-18.7 billion yuan, above Wall Street estimates, on growing demand for its lower-priced EVs

Co says Q1 revenue up 141.5% Y/Y, net loss narrowed to 660 mln yuan from 1.37 bln yuan a year ago; it delivered 94,008 EVs in Q1, up 330.8% Y/Y

Nomura keeps "buy" rating with co's solid financials on strong 1Q25 shipments

Hang Seng Tech Index .HSTECH down 0.3%, Hang Seng Index .HSI eases 0.7%

YTD, HK shares up 79.5%, U.S. stock up 88.2%

($1 = 7.1984 Chinese yuan renminbi)