HK Stock Market Move | XPENG-W(09868) rose more than 3% once, winning the sales crown of new forces in the first week of the year. Institutions pointed out that it is expected to start a strong new car cycle.

XPENG-W (09868) rose in the afternoon session, with a peak increase of over 3% during trading hours. As of the time of writing, it was up 2.38% at 47.3 Hong Kong dollars, with a trading volume of 7.19 billion Hong Kong dollars. On the news front, on January 7th, the sales figures of new energy vehicle brands in the Chinese market released by Ideal Car showed that in the first week of 2025, XPENG ranked first in sales, with a weekly sales of 7,000 vehicles, ending Ideal Car's 36-week consecutive championship. It was reported that XPENG delivered 37,000 new vehicles in December 2024, an 82% year-on-year increase. XPENG's total deliveries in 2024 reached 190,000 vehicles, a 34.2% year-on-year increase. Guolian stated that after completing a management structure adjustment, XPENG now has the ability to create popular models and achieve stable sales volume. In 2025, XPENG will redesign older models such as G6/G9 and fill in the current product matrix gaps based on the support structure, potentially opening up a new strong product cycle in the future. CITIC SEC previously pointed out that after undergoing organizational changes in the past two years, XPENG has completed iterations in product concepts, cost structures, marketing, and advertising, laying a solid foundation for the 2025-2026 vehicle product cycle.