BUZZ-China's Xpeng set for best day in over 2 weeks as capacity plan cheers

Reuters2021-08-18

** Shares of Chinese EV maker Xpeng Inc rise as much as 10.2% to HK$156.80, the biggest daily percentage gain since Aug. 2, on course to snap four straight sessions of fall

** Guangdong-based Xpeng says it will expand its factory in Zhaoqing city to have an annual manufacturing capacity of 200,000 vehicles a year

** Rival Li Auto's Hong Kong shares surge 5.9%, Geely Automobile climbs 1.4%, and BYD Co Ltd increases 1.1%

** The Hong Kong Hang Seng Commerce & Industry Index edges up 0.1%, while Hang Seng Tech Index slips 0.1%

** The Hang Seng China Enterprises Index climbs 0.9% and the benchmark index gains 0.4%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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Comments

  • Atomolecule
    2021-08-20
    Atomolecule
    Yes! Cheers to China EVs!! 
  • Alkid
    2021-08-18
    Alkid
    Time to fly!!!!
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