Market Insight | XPENG-W Surges Over 4% Intraday as MONA M03 Orders Soar, JP Morgan Bullish on Sales Growth

XPENG-W rose more than 4% during the trading session, and as of the time of publication, it rose by 3.7% to HKD 33.6, with a turnover of HKD 2.51 billion. According to 21st Century Business Herald, XPeng adjusted its production schedule recently to ensure the capacity improvement, quality, and delivery efficiency of MONA M03. XPeng stated that after locking in 30,000 orders within 48 hours of the launch of MONA M03, the recent daily orders have exceeded 2,000 units. Analysts believe that the delivery of Mona M03 in September, the launch of new models, and price reductions are expected to translate into sales growth. A research report from JP Morgan pointed out that the expected new models Mona M03 and P7 plus to be launched by XPeng in the fourth quarter could increase the quarterly delivery volume from about 45,000 units in the third quarter to about 80,000 units, contributing to even greater sales volume for the whole of next year, thereby increasing the company's valuation. Looking ahead to next year, the bank currently estimates that with more new models launched, XPeng's sales volume could further exceed about 300,000 units, representing a 72% increase from the expected sales volume of 180,000 units for the whole of this year