Understanding the Market | XPENG-W rose over 5% in early trading, with October delivery volume increasing by 20% year-on-year to 23,900 units, setting a new monthly record

XPENG-W rose over 5% in early trading. As of the time of writing, it was up 5.3%, priced at HKD 46.65, with a transaction volume of HKD 72.9864 million. In terms of news, XPeng announced that in October 2024, it delivered a total of 23,900 smart electric vehicles, setting a new monthly delivery record, a year-on-year increase of 20% and a month-on-month increase of 12%. The XPeng MONA M03 has exceeded 10,000 units in delivery for the second consecutive month. In the first ten months of 2024, XPeng delivered a total of 122,500 smart electric vehicles, a 21% increase compared to the same period last year. Additionally, on October 31, XPeng Chairman He Xiaopeng announced on social media that the XPeng P7+ will officially launch on November 7 and will start nationwide test drives on November 1. CICC pointed out that they believe the launch of the P7+ will drive XPeng's sales growth, and currently expect the P7+ to help the company enter the larger growth potential market of the 200,000 yuan level, maintaining an "outperform industry" rating and profit forecasts for this year and next