Understanding the Market | XPENG-W rose nearly 4% with over 12,000 units of the new MONA M03 version pre-ordered within an hour

XPENG-W rose nearly 4%, as of the time of writing, up 3.92%, priced at HKD 79.45, with a transaction volume of HKD 525 million. In terms of news, on the evening of May 28, XPENG's MONA M03 Max version was officially launched, with two versions based on range; the version with a range of 502km is priced at CNY 129,800, while the version with a range of 600km is priced at CNY 139,800. Additionally, the MONA M03 also launched a 515 long-range Plus version priced at CNY 119,800, and a 620 ultra-long-range Plus version priced at CNY 129,800. According to XPENG's official Weibo, the MONA M03 has introduced new Max and Plus versions, with 12,566 units reserved within 1 hour of launch, exceeding the same period last year, with Max version orders accounting for 83%. Changjiang Securities pointed out that intelligent driving continues to lead, and with channel reforms and strengthened marketing systems, the company’s sales are rapidly increasing during this strong new car cycle. The MONA M03 and P7+ mark the beginning of the company's new car cycle. Scale enhancement, platform and technology cost reduction effects will further manifest, combined with the expansion of the software profitability business model and continuous growth overseas, the company's future profitability has significant elasticity