Market Insight | XPENG-W rose nearly 4% as Mona M03 is about to be listed, CEO He Xiaopeng increased holdings by over HKD 100 million
XPENG-W rose nearly 4%, as of the time of publication, it rose by 3.79% to HKD 30.15, with a turnover of HKD 253 million. On the news front, XPeng will hold a MONA M03 listing conference tonight at 19:00. Changjiang Securities pointed out that the listing of MONA on August 27 will kick off a new car cycle for the company. The scale expansion, platform and technology cost reduction effects will be further demonstrated, coupled with the business model expansion of software profits and continued overseas growth, the company's future profitability has considerable elasticity. DBS expects that the new cars Mona M03 and P7+ will help increase sales in the second half of the year, with an expected year-on-year increase in delivery volume of 25% to 180,000 vehicles for the whole year. In addition, XPeng recently announced that co-founder, executive director, chairman, CEO, and controlling shareholder He Xiaopeng purchased a total of 1 million Class A ordinary shares in the open market from August 21 to August 23, at an average price of HKD 27.13 per Class A ordinary share. He also purchased a total of 1.4199 million American depositary shares through Galaxy Dynasty, a wholly-owned subsidiary, at an average price of USD 7.02 per American depositary share. Roughly calculated, He Xiaopeng's recent increase in holdings amounts to approximately HKD 107 million
According to the Wise Finance APP, XPENG-W (09868) rose by nearly 4%, as of the time of publication, it rose by 3.79% to HKD 30.15, with a turnover of HKD 253 million.
On the news front, XPeng Motors will hold a MONA M03 listing conference tonight at 19:00. Changjiang Securities pointed out that the listing of MONA on August 27 will kick off a new car cycle for the company. The scale expansion, platform and technology cost reduction effects will be further demonstrated, coupled with the business model expansion of software profitability and continued overseas growth, the company's future profitability has considerable elasticity. DBS expects that the launch of the new cars Mona M03 and P7+ will help increase sales in the second half of the year, with an expected year-on-year delivery volume increase of 25% to 180,000 vehicles.
In addition, XPeng Motors recently announced that co-founder, executive director, chairman, CEO, and controlling shareholder He Xiaopeng purchased a total of 1 million Class A ordinary shares of the company on the open market from August 21 to August 23, at an average price of HKD 27.13 per Class A ordinary share. He also purchased a total of 1.4199 million American depositary shares of the company through Galaxy Dynasty, a wholly-owned subsidiary, at an average price of USD 7.02 per American depositary share. Roughly calculated, He Xiaopeng's recent increase in holdings amounts to approximately HKD 107 million