The Guangzhou, China-based smart electric car company delivered 40,126 vehicles in June. That’s a 16% year over year (Y/Y) increase. This brings total second-quarter deliveries to 103,295 units, which declined 48% Y/Y.The company highlighted its growing presence in the electric vehicle sector, reaching a significant milestone of 10,000 units for its GX model.Meanwhile, XPeng is preparing to debut its new model, the XPENG MONA L03, in China on July 2. It is expected to further boost sales and market share.Peer PerformanceIn a separate release, the company’s rival NIO reported delivering 40,597 units in June, reflecting a 62.9% Y/Y increase, and total sales of 107,658 vehicles in the second quarter, up 49.4% Y/Y.Li also released its latest delivery numbers on Tuesday, reporting 30,895 vehicles delivered in June 2026. This figure represents a 15% Y/Y decrease.How XPeng (XPEV) Ranks On Momentum And Market SignalsBelow is the Benzinga Edge scorecard for XPeng, highlighting its strengths and weaknesses compared to the broader market:Momentum: Weak (Score: 5.52) — Stock is showing poor performance indicators.The Verdict: XPeng’s Benzinga Edge signal reveals a weak momentum profile, indicating that the stock is currently underperforming compared to the broader market. This suggests that while recent delivery numbers are promising, the overall market sentiment may be affecting investor confidence.XPEV ETF Exposure: Funds With Notable Weighting