Market Insight | XPENG-W Surges Over 4%, MONA M03's Daily Average Orders Exceed 2000 Recently

XPENG-W rose more than 4%, as of the deadline, it rose by 4.08% to HKD 34.4, with a turnover of HKD 2.08 billion. In terms of news, 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 introduced 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. Citigroup pointed out that the order situation of MONA has increased the group's sales visibility, raising the target price from HKD 29.8 to HKD 34.6. Morgan Stanley estimates that with more new models launched, XPeng's sales volume can further exceed about 300,000 units, a 72% increase from the expected sales volume of 180,000 units for the whole year