On July 20, XPeng Group-W rose 3.39% in regular trading, trading at 53.5 HKD/share, with turnover of HKD 134 million.

On the news front, XPeng held a brand day event in Munich, Germany on July 16, officially launching the MONA L03 globally. The new SUV is priced at RMB 123,800 to 156,800 in China, with the starting price RMB 20,000 below the pre-sale price. Orders broke through 20,000 units within 7 minutes of launch, with cumulative firm orders exceeding 46,800 units. Additionally, JPMorgan increased its XPeng holdings by 4.36 million shares on July 8, involving approximately HKD 228 million.

Multiple investment banks reinforced their bullish stance. Morgan Stanley reiterated its Overweight rating with a target price of HKD 96, projecting monthly sales of over 15,000 units if supply chain ramps up successfully. Goldman Sachs maintained its Buy rating, forecasting the MONA L03 to achieve steady monthly sales of 14,000 units, driving Q3 and Q4 year-over-year sales growth of 28% and 59% respectively.

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