HK Stock Market Move | XPENG-W (09868) fell more than 3% and announced the launch of a full range 7-year low-interest installment purchase plan.

XPENG-W(09868) fell more than 3%, temporarily leading the decline in new energy vehicle stocks. As of the time of writing, it dropped by 3.15% to HK$76.8, with a turnover of HK$7.43 billion. On the news front, on January 22nd, Xiaopeng Motors announced the launch of a 7-year low-interest installment car purchase plan for the entire series: starting at 15% down payment, monthly installments as low as 1355 yuan, with the promotion valid until January 31, 2026. In addition, CMB International released a research report stating that considering weaker-than-expected sales data in November and December last year, they maintained their forecast for this year's retail and wholesale sales volume of passenger vehicles in China, expecting a 0.1% drop and a 2.9% increase respectively year-on-year. The bank believes that the weaker sales performance in the previous quarter may lead to some car companies not meeting profit expectations for the period, hence they have revised down their profit forecasts for Xiaopeng and other car companies in the fourth quarter of last year, but still expect Xiaopeng to achieve a break-even in the last quarter.