Movement Alert|XPeng Group Rises 3.44% in Regular Trading, HK Auto Sector Rallies on Broker Optimism and Global Launch Momentum

Market Focus07-14 14:32

On July 14, XPeng Group-W rose 3.44% in regular trading, trading at HK$52.55 per share, with turnover of HK$362 million. The broader HK auto sector strengthened collectively, with NIO up over 8%, Li Auto up over 3%, and BYD up nearly 3%.

On the news front, JP Morgan issued a research note recommending investors focus on automakers with earnings upgrade potential, strong NEV product portfolios, and high overseas revenue exposure, noting positive overseas market reception. BOCOM International maintained a Buy rating on XPeng with a target price of HK$134.69. Additionally, XPeng is set to globally launch the MONA L03 on July 16 in Munich, marking its first simultaneous China-Europe debut. The MONA L03 opened presales at RMB 143,800, breaking all prior same-period order records across XPeng models. The company delivered 40,126 vehicles in June, up 15.9% year-over-year, with Q2 cumulative deliveries reaching 103,295 units.

(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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