Understanding the Market | XPENG-W opened over 9% higher, He Xiaopeng invested approximately 250 million to increase his shareholding, and the company's second-quarter performance exceeded market expectations
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XPENG-W opened more than 9% higher, and as of the time of writing, it has risen by 9.33%, trading at HKD 88.45. The company's co-founder He Xiaopeng increased his stake by 3.1 million shares through his wholly-owned Galaxy Dynasty Limited, costing approximately HKD 250 million, bringing his ownership percentage to 18.9%. The net loss in the second quarter decreased by 62.8% year-on-year, while revenue increased by 125.3% year-on-year to CNY 18.27 billion, with expected deliveries in the third quarter ranging from 113,000 to 118,000 vehicles
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