XPENG-W Shares Surge Over 4% Amid Strong Overseas Demand and Expansion Plans

Stock News04-24 11:27

XPENG-W (09868) saw its shares rise more than 4%, with a gain of 3.46% to HK$64.25 by the time of writing, recording a turnover of HK$581 million. According to media reports, He Xiaopeng, Chairman of XPeng, stated that the company is engaged in discussions with overseas automakers regarding potential collaborations. XPeng is currently focusing on the global commercialization of its advanced driver-assistance technology and expanding production beyond China. Additionally, the company noted that overseas demand for its vehicles has surpassed expectations, particularly in France and Germany, where sales have exceeded local production capacity. XPeng plans to begin expanding overseas production starting in 2026, aiming to upgrade existing plants and establish new manufacturing facilities. Regions under consideration include Europe, Southeast Asia, and Latin America.

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