Market Insight | XPENG-W drops nearly 4% in July, delivery growth rate declines month-on-month, institutions optimistic about its sales improvement in the second half of the year

XPENG-W dropped nearly 4%, as of the time of publication, it fell by 3.87% to HKD 29.8, with a turnover of HKD 126 million. In terms of news, XPeng recently announced its delivery data for July 2024, delivering a total of 11,145 vehicles in July, a year-on-year increase of 1%, but a sequential growth rate decline. As of July 31st, XPeng has delivered a total of 63,173 new vehicles, a year-on-year increase of 20%, with the current annual delivery target completion rate at only 23%. However, Bank of America Securities previously pointed out that XPeng's sales volume will benefit from the launch of new models and the introduction of redesigned models G6 and G9 in the first half of the year, with improvements expected from the second half of the year