Understanding the Market | XPeng Motors-W drops more than 5% in the afternoon, Tesla's FSD implementation may weaken XPeng's NOA potential
XPeng Motors-W fell more than 5% in the afternoon, as of the time of publication, it fell by 4.89% to HKD 34.05, with a turnover of HKD 5.81 billion. On the news front, on April 28th, Tesla CEO Elon Musk visited China. Tesla China has spoken twice on its official Weibo account, both mentioning the acceleration of autonomous driving technology. It is widely believed that the landing of FSD in China is a key topic of Musk's visit this time. Citigroup released a report stating that Tesla's breakthrough in launching fully autonomous driving in the mainland significantly weakens XPeng's potential for Navigation on Autopilot (NOA), maintaining a "sell" rating on XPeng. In addition, XPeng delivered a total of 9,393 new cars in April, with a year-on-year increase of 33% and a month-on-month increase of 4%. Among them, the X9 delivered 1,959 units, with nearly 10,000 units delivered in the first four months since its listing. From January to April 2024, XPeng has delivered a total of 31,214 new cars, a year-on-year increase of 23%
According to the Zhitong Finance and Economics APP, XPeng Motors-W (09868) fell more than 5% in the afternoon, with a decrease of 4.89% as of the time of publication, trading at HKD 34.05 with a turnover of HKD 5.81 billion.
On the news front, on April 28th, Tesla CEO Elon Musk visited China. Tesla China has made two official statements on Weibo, both mentioning the acceleration of autonomous driving technology. It is widely believed that the landing of FSD in China is a key topic of Musk's visit this time. Citigroup's report stated that Tesla's breakthrough in launching fully autonomous driving in the mainland significantly weakens XPeng's potential in urban navigation-assisted driving (NOA), maintaining a "sell" rating on XPeng.
In addition, XPeng Motors delivered a total of 9,393 new cars in April, with a year-on-year increase of 33% and a month-on-month increase of 4%, falling short of breaking the ten thousand mark. Among them, the X9 delivered 1,959 units, with nearly 10,000 units delivered in the first four months since its listing. From January to April 2024, XPeng Motors delivered a total of 31,214 new cars, a year-on-year increase of 23%