Market Insight | XPENG-W Rises Nearly 3% Against the Trend as MONA M03 Officially Launches with Successful Mass Production of Self-developed Turing Chips

XPENG-W rose nearly 3% against the trend, as of the time of publication, it rose by 2.64% to HKD 31.1, with a turnover of HKD 4.97 billion. On the news front, on August 27, He Xiaopeng, Chairman of XPeng Motors, announced that the XPeng Turing Chip was successfully mass-produced on August 23, making it the world's first AI chip applied in AI cars, AI robots, and flying cars. In addition, the XPeng MONA M03 was officially launched with a starting price of RMB 119,800. CICC raised XPeng's sales forecast for 2025 to 2026 by 6% to 9% to reflect the sales growth brought by M03 and next year's P7+. XPeng Motors also announced that CEO He Xiaopeng increased his holdings recently. From August 21 to 23, He Xiaopeng bought 1 million H shares at an average price of approximately HKD 27.13 per share, and bought 1.42 million American depositary shares at an average price of approximately USD 7.02 per share. Roughly calculated, He Xiaopeng's recent increase in holdings amounted to approximately HKD 107 million