Movement Alert|XPENG-W Falls 3.14% in Regular Trading, Auto Sector Broadly Weak Amid Overnight US Stock Decline

Market Focus13:38

On September 15, XPENG-W fell 3.14% in regular trading, trading at 40.66 HKD/share, with turnover of approximately HKD 147 million. The decline led peers in the Hong Kong-listed auto sector.

On the news front, overnight US equities saw broad-based selling, with the Nasdaq Composite falling 1.27%, dampening risk appetite across Hong Kong markets. The auto sector came under broad pressure, with LI AUTO-W down 2.10%, LEAPMOTOR down 1.68%, and GEELY AUTO down 1.75%, while XPENG-W posted the steepest decline among peers.

On fundamentals, the company's interim results revealed continued pressure on its vehicle business, with losses widening. Roughly estimated, XPENG lost approximately RMB 18,800 per vehicle delivered in the first half. Although Jefferies recently reiterated a Buy rating and the flagship G9L SUV is set to officially launch on September 17 with a pre-sale price of RMB 259,800, near-term market sentiment remains subdued. Separately, JPMorgan's short position in the stock rose to 4.25% as of early September, reflecting cautious institutional positioning.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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