On July 29, XPENG-W rose 3.31% in regular trading, trading at HK$51.35 per share with turnover of HK$72.63 million, extending its rebound from the previous session.

On the news front, earlier concerns over MIIT conducting on-site inspections at Guangzhou-based GAC Aion and XPeng facilities have been substantially alleviated. An internal source at GAC Aion disclosed that the inspection was not a targeted action but rather a routine industry-wide supervisory check on vehicle production safety assurance and production consistency, effectively dispelling fears that XPeng was subject to focused regulatory scrutiny. Meanwhile, the overhang from XPeng's recall of over 33,000 X9 vehicles due to front air spring defects had already been digested by the market in prior sessions.

The broader new energy vehicle sector rallied in early trading, with LI AUTO-W surging over 8%, NIO-SW gaining over 3%, and BYD COMPANY rising over 2%, reflecting improved industry sentiment as domestic demand data showed signs of sequential improvement heading into the second half.

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