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.
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