Market Insight | XPENG-W rose nearly 4% X9 with cumulative sales of 13,143 units in the first half of the year, the company's new car cycle is about to begin

XPENG-W rose nearly 4%, as of the deadline, it rose by 3.78% to HKD 34.3, with a turnover of HKD 4.69 billion. On the news front, XPeng announced that since the official listing of the X9 on January 1st, it has ranked first in the high-end pure electric MPV sales ranking for 6 consecutive months, with a total of 13,143 units sold in the first half year of listing. In addition, the new model MONAM03 recently had its global debut and is expected to be officially released in August. Changjiang Securities pointed out that with channel reforms and strengthened marketing systems, the company's sales are expected to steadily increase. The listing of MONA in August marks the beginning of a new car cycle for the company. As scale increases, the cost reduction effect of platforms and technologies will be further demonstrated, coupled with the future expansion of software profit business models, the company's future profitability also has considerable elasticity