HK Stock Market Move | XPENG-W(09868) rises by over 3% again, company sales exceed seasonal stability, vehicle cycle and profit improvement are expected to resonate.

XPENG-W (09868) rose more than 3%, as of press time, it had risen 2.61% to HK$88.3, with a turnover of HK$7.92 billion. CITIC SEC released a research report stating that in February 2025, Xiaopeng Motors delivered 30,453 new cars, a year-on-year increase of 570%; ranking first among new energy vehicle companies in terms of February deliveries. Xiaopeng delivered a total of 60,800 vehicles in January and February 2025, an increase of 375% year-on-year, demonstrating stability surpassing the off-season. The strong deliveries in Q1 2025 were attributed to the company's all-round improvement in organizational capabilities. Xiaopeng's vehicle cycle and profitability improvement resonated in 2025, with accelerated implementation of intelligent driving functions. Shenwan Hongyuan Group stated that the company's new vehicle cycle has begun, with significant potential for sales growth. With the upcoming launch of the all-new Xiaopeng G6, the value-following models of G9, X9, P7i, as well as the introduction of G7 and the first extended-range model G01, the potential for sales growth is significant. The group predicts that the company will achieve a total sales volume of 490,000 vehicles in 2025, a year-on-year increase of 158%. The sales of the company's new vehicles P7+ and Mona M03 are strong, external cooperation and internal reform progress are ahead of expectations, profit capabilities are greatly enhanced, and there is also the possibility of breakthrough progress in Siasun Robot & Automation business.