Movement Alert|XPeng Group Rises 3.09% in Regular Trading, MONA L03 Pre-Sale Orders Break Company Records Amid Broader Auto Sector Strength

Market Focus
Jul 06

On July 6, XPeng Group-W rose 3.09% in regular trading, trading at HK$53.5/share, with turnover of HK$288 million.

On the news front, XPeng's new MONA L03 SUV, which opened pre-sales on July 2 at a starting price of RMB 143,800, has broken pre-order records across all XPeng models for the same period. The company also reported June deliveries of 40,126 vehicles, up 15.9% year-over-year, with Q2 cumulative deliveries exceeding 100,000 units, signaling continued fundamental improvement.

BOCOM International maintained a Buy rating on the stock with a target price of HK$134.69, noting that L03 extends the MONA product lineup from sedans to SUVs, covering the mainstream RMB 150,000 segment with second-generation VLA autonomous driving capabilities powered by the Turing AI chip. The broader auto sector provided additional tailwinds, with Leapmotor rising 6.42% and Geely Auto up 3.93%, as June NEV industry sales grew 16.3% year-over-year driven by new product cycles.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10