HK Stock Market Move | XPENG-W (09868) rose more than 7% at one point. MONA L03 is scheduled to make its debut in China on July 2nd.

XPENG-W(09868) rose by more than 7% at one point, and at the time of publication, it has risen by 5% to 47.86 Hong Kong dollars, with a turnover of 4.91 billion Hong Kong dollars. On the news front, on June 29, XPENG Motors officially announced that its new smart electric SUV model, MONA L03, will have its Chinese debut at 7:00 pm on July 2 in Beijing, with the actual vehicle expected to arrive at offline stores nationwide starting from July 1. The model is mainly targeted at the young consumer market, and detailed cabin hardware configurations have been released by the company. The relevant declaration data from the Ministry of Industry and Information Technology has also been fully disclosed. Industrial analysis indicates that the company is positioned in the high-end mass market with leading intelligent technology. The first quarter represents a low point for the company's product switch, with delivery volumes and profits under pressure as expected. With the launch of the GX and subsequent new models, delivery volumes are expected to increase rapidly in the second half of the year.