Understanding the Market | XPENG-W rose over 5% in early trading, with October delivery volume increasing by 20% year-on-year to 23,900 units, setting a new monthly record
XPENG-W rose over 5% in early trading. As of the time of writing, it was up 5.3%, priced at HKD 46.65, with a transaction volume of HKD 72.9864 million. In terms of news, XPeng announced that in October 2024, it delivered a total of 23,900 smart electric vehicles, setting a new monthly delivery record, a year-on-year increase of 20% and a month-on-month increase of 12%. The XPeng MONA M03 has exceeded 10,000 units in delivery for the second consecutive month. In the first ten months of 2024, XPeng delivered a total of 122,500 smart electric vehicles, a 21% increase compared to the same period last year. Additionally, on October 31, XPeng Chairman He Xiaopeng announced on social media that the XPeng P7+ will officially launch on November 7 and will start nationwide test drives on November 1. CICC pointed out that they believe the launch of the P7+ will drive XPeng's sales growth, and currently expect the P7+ to help the company enter the larger growth potential market of the 200,000 yuan level, maintaining an "outperform industry" rating and profit forecasts for this year and next
According to Zhitong Finance APP, XPeng-W (09868) rose over 5% in early trading, and as of the time of writing, it was up 5.3%, priced at HKD 46.65, with a trading volume of HKD 72.9864 million.
In terms of news, XPeng announced that in October 2024, it delivered a total of 23,900 smart electric vehicles, setting a new monthly delivery record, a year-on-year increase of 20% and a month-on-month increase of 12%. The XPeng MONA M03 has exceeded 10,000 units in delivery for the second consecutive month. In the first ten months of 2024, XPeng delivered a total of 122,500 smart electric vehicles, a 21% increase compared to the same period last year.
Additionally, on October 31, XPeng Chairman He Xiaopeng announced on social media that the XPeng P7+ will officially launch on November 7 and will begin nationwide test drives on November 1. CICC pointed out that they believe the launch of the P7+ will drive XPeng's sales growth, and currently expect the P7+ to help the company enter the larger growth potential market of the 200,000 yuan level, maintaining an "outperform industry" rating and profit forecasts for this year and next