HK Stock Market Move | XPENG-W (09868) rose more than 6%, the company accelerating its layout in the Middle East and Africa markets, recently reaching a strategic cooperation with a well-known distributor in Mauritius.

XPENG-W(09868) rose more than 6%, at the time of publication, up 5.72%, to 80.45 Hong Kong dollars, with a turnover of 860 million Hong Kong dollars. On the news front, according to Xiaopeng Motors official WeChat account, recently, Xiaopeng Motors held a brand launch event in Doha, Qatar, marking its official entry into the high-end market in the Middle East. At this event, the Xiaopeng G9 and Xiaopeng G6 made their debut together, with a preview of the upcoming Xiaopeng P7+ model, aimed at providing local consumers with a more diverse selection of smart travel options. In addition, on December 16th, Xiaopeng Motors reached a strategic cooperation agreement with the well-known distributor Axess Limited in Mauritius, a key market in East Africa. Mauritius is not only a high-end tourist destination, but also a regional hub connecting Africa, Asia, and the Middle East, with advantages in reaching the markets in East Africa and the Indian Ocean region. This cooperation further enhances Xiaopeng Motors' sales and service network in the Middle East and Africa markets, accumulating key experience for future expansion in Africa and other emerging markets, continuing to drive the global implementation of the smart travel ecosystem.