HK Stock Market Move | XPENG-W (09868) continues to drop by nearly 4%, with its stock price falling by 20% this week. Goldman Sachs believes that sales momentum may be relatively mild in the short term.

XPENG-W (09868) continued to fall by nearly 4%, with the stock price falling by 20% this week. As of the time of writing, it fell by 3.73% to 78.8 Hong Kong dollars, with a turnover of 8.8 billion Hong Kong dollars. On the news front, on the evening of November 20, the Xiaopeng X9 extended-range version was officially launched, with a new car price of 30.98-32.98 million yuan, offering 2 models, with the main difference between the 2 configuration versions being the assisted driving capability. The new car embraces extended-range technology based on the pure electric version, officially known as "Xiaopeng Kunpeng Super Extended-Range Technology", using an 800V high-voltage platform and equipped with 5C fast charging technology. Goldman Sachs recently pointed out in a research report that Xiaopeng Motors' third-quarter performance this year met expectations, but the fourth-quarter revenue guidance is expected to be lower than expected, mainly due to slowing sales growth and intensified market competition. Goldman Sachs stated that although Xiaopeng's short-term sales momentum may be relatively mild and the number of new car models released is limited, looking ahead to the first quarter of next year, they believe that Xiaopeng Motors' seasonal performance is better than its peers, as the company will introduce three extended-range electric car versions (G6, G7, P7+), according to management's comments on pre-order data for the X9 extended-range electric car, orders for the extended-range electric car version may be three times higher than the pure electric car version.