On July 24, XPENG-W declined 3.27% in regular trading, trading at 49.46 HKD/share, with turnover of 62.63 million HKD. The drop reflects continued fallout from the X9 air suspension quality issue combined with broader industry pressure.

The XPENG X9 air suspension high-temperature malfunction incident continues to weigh on sentiment. While the company has issued a public apology and extended the warranty to 8 years or 160,000 kilometers, market skepticism over product quality control persists. Industry experts have noted the extended warranty may not adequately address potential recall concerns. Additionally, CICC previously projected that Q3 domestic passenger vehicle volumes remain under pressure, adding sector-level headwinds. The departure of XPENG's AI Infrastructure head, who is joining OpenAI to work on embodied intelligence robotics, further contributed to short-term negative sentiment.

Within the Automobile Manufacturers sector, performance was mixed. Among peers, BYD COMPANY down 0.79%, GEELY AUTO up 1.24%, LEAPMOTOR up 1.96%, LI AUTO-W down 1.59%, NIO-SW down 2.33%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)