HK Stock Market Move | XPENG-W(09868) fell nearly 3% during trading hours, with March deliveries down 17.44% year-on-year.

XPENG-W (09868) fell by nearly 3%, dropping by 2.2% as of the time of writing, to HK$66.75, with a trading volume of HK$6.5 billion. On the news front, on April 1st, new energy vehicle startups successively released their delivery results for March. Among them, Xiaopeng Motors delivered 27,415 vehicles in March, a year-on-year decrease of 17.44%, making it the only new energy vehicle manufacturer with negative growth; the cumulative deliveries in the first quarter reached 62,682 vehicles, a year-on-year decrease of over 30%, meeting the delivery guidance. According to 21st Century Business Herald, from multiple independent sources, Wei Bin, Vice President of Xiaopeng Group and Head of Intelligent Cockpit, has recently resigned due to family reasons. Before his resignation, Wei Bin's main responsibility was to promote the intelligent cockpit based on the VLM (Visual Language Model) large model.