Xiaopeng Motor-W (09868) fell more than 4% in the intraday period. As of press release, it was down 2.98% to HK$27.65, with a turnover of HK$254 million.
The Zhitong Finance App learned that Xiaopeng Automobile-W (09868) fell more than 4% in the intraday period. As of press release, it was down 2.98% to HK$27.65, with a turnover of HK$254 million.
According to the news, Xiaopeng Motor's price has been cut frequently recently. On April 20, Xiaopeng announced that from now until May 5, 2024, it will launch a limited-time car purchase subsidy of 500 million yuan, covering a total of four models: Xiaopeng G9, G6, P7i, and 2024 Xiaopeng P5. Earlier, on April 11, Xiaopeng launched the G6 580 Long Battery Life Plus version model, with a limited-time discount starting at 179,900 yuan for all models. The old P7 model was even reduced by nearly 100,000 yuan
China Merchants Securities recently pointed out that data from March 4 to April 14 showed that the company's sales recovery progress was weaker than expected. The average weekly sales volume in March was about 2,100 vehicles, but the first two weeks of April fell to an average of 1,200 and 1,600 vehicles. The decline was significant, and short-term sales performance was weak. Furthermore, according to EasyCar data, Xiaopeng Motor's sales volume rebounded to 2,512 units in the third week, a significant increase over the previous month.