Financial Associated Press news on November 8th (Editor Hu Jiarong), xpeng auto's performance today is eye-catching, with the US stock price surging nearly 16% and the Hong Kong stock (09868.HK) also strengthening.

As of the time of publication, xpeng auto's Hong Kong stock rose by 18.50%, to 59.25 Hong Kong dollars.

Note: the trend of xpeng auto's Hong Kong stock.

Note: the trend of xpeng auto's US stock.

In terms of news, on the evening of November 7th, xpeng auto held a press conference, and the P7+ was officially launched. The entire series of this model uses a single motor rear-wheel drive and is equipped with 60.7 kilowatt-hours and 76.3 kilowatt-hours of lithium iron phosphate battery pack. The CLTC range can reach up to 725 kilometers, with a starting price of 0.1868 million yuan, reduced by 0.023 million yuan from the presale price.

On the same day, xpeng auto announced that the pre-sale order volume of its latest model, xpeng P7+, reached a new high, breaking the record previously set by xpeng MONA on October 31st. After the announcement of xpeng P7+ pricing, the server experienced congestion. Xpeng officials stated that the traffic is 20 times that of the MONA listing, and is currently being urgently addressed.

He Xiaopeng also revealed on the same day that the AI robot xpeng Iron will be equipped with multiple self-developed chips to support end-to-end large models, have 15 movable degrees of freedom, and support touch feedback of analog dual hands. Currently, this robot has been undergoing production training for xpeng P7+ model at xpeng's Guangzhou factory, and xpeng Iron will focus on scenarios such as factories and stores in the future.

The domestic auto stocks are still facing a challenging situation.

Driven by XPeng, most of the automotive stocks in the Hong Kong stock market have strengthened. As of the time of writing, Nio-SW(09866.HK), Geely Auto(00175.HK), and Leapmotor(09863.HK) have increased by 18.50%, 7.39%, and 3.79%, respectively.

Note: Trends in automotive stocks.

However, the automotive stocks still face unfavorable conditions. On October 29, the European Commission announced the conclusion of an anti-subsidy investigation on Chinese electric cars, with the final tariffs officially taking effect on October 30 local time.

Specific tax rates vary by company: BYD Company Limited 17%, Geely Auto 18.8%, SAIC Motor Corporation as high as 35.3%, other cooperating companies taxed at 20.7%, while non-cooperating companies face a tax of 35.3%.

In addition, Trump's presidency may have a certain impact on the Chinese auto industry. According to reports, in October of this year, Trump mentioned in a speech at the Chicago Economic Club that if he is re-elected, he will impose high tariffs on imported cars, including those from Europe and Mexico.

China's automakers see South America, where Mexico is located, as a springboard to enter the North American market. Chery, BYD, Great Wall, and other automakers have already laid out plans in South America.

According to the "United States-Mexico-Canada Agreement," products from Mexico exported to the United States and Canada in many categories can enjoy lower or even zero tariffs. Currently, the sales of electric cars in Mexico are limited, but Mexico has become China's second-largest car export country.