Xpeng-W (09868) is now up more than 6%, rising over 12% in early trading. As of the time of writing, it is up 6.22% at HK$47.85, with a trading volume of 1.371 billion Hong Kong dollars.
According to the China Fortune Financial app, Xpeng-W (09868) is now up more than 6%, rising over 12% in early trading. As of the time of writing, it is up 6.22% at HK$47.85, with a trading volume of 1.371 billion Hong Kong dollars.
On the news front, Xpeng Motors officially announced the global debut of the Xpeng P7+ on October 10. The new car is introduced as the "world's first AI car" by the company. It is also the first model equipped with Xpeng's new generation of automatic driving hardware platform, set to be officially launched in the fourth quarter.
In addition, Xpeng Motors set a new monthly record in September with a delivery volume of 21,352 vehicles, a 39% year-on-year increase. Guolian Securities pointed out that with the imminent launch of new models, there is potential for a turning point in sales volume. The iterative development of intelligent driving technology and the pace of new model launches are expected to help the company achieve a financial turnaround, with the cooperation with Volkswagen potentially further expanding the company's revenue and technological capabilities. Maintaining a "buy" rating.