Understanding the Market | XPENG-W rises over 5% as P7+ is about to launch, with October delivery volume hitting a new monthly historical high

XPeng-W rose over 5%, once again leading the new energy vehicle companies. As of the time of publication, it rose 5.01% to HKD 50.1, with a transaction volume of HKD 979 million. In terms of news, XPeng recently announced its latest delivery results. In October 2024, XPeng delivered a total of 23,900 new vehicles, setting a new monthly delivery record, a year-on-year increase of 20% and a month-on-month increase of 12%. Among them, the XPeng MONA M03 delivered over 10,000 units in its first two months on the market. From January to October 2024, XPeng cumulatively delivered a total of 122,500 new vehicles, a year-on-year increase of 21%. XPeng Chairman He Xiaopeng previously announced on social media that the XPeng P7+ will officially launch on November 7 and will start nationwide test drives on November 1. CMB International expects the XPeng P7+ to become another hot seller following the XPeng MONA M03. CICC also stated that they believe the launch of the P7+ could drive XPeng's sales growth and that the P7+ is expected to help the company enter the larger growth potential market of the 200,000 yuan level