XPeng Group (9868.HK) edged up 0.43% in Hong Kong trading to HK$46.82. The company is scheduled to report second-quarter results on Monday, August 24. Morgan Stanley maintained its “Buy” rating on the stock with a target price of HK$96.
The Hong Kong-listed shares were supported by a 4.32% gain in US-listed XPeng (XPEV) overnight, which helped the stock open higher and touch HK$47.78 intraday. XPeng launched 36 new supercharging stations last week. The broader market was also firm, with the Hang Seng Index rising 1.34% in the prior session as technology stocks broadly strengthened.