On October 13, XPENG-W fell 3.27% in regular trading, trading at HK$37.22 with turnover of HK$64.45 million, as the stock saw profit-taking after a recent run-up. A slew of positive catalysts from the Paris Auto Show, including the global launch of the G9L SUV, a new Europe strategy, and plans to deliver assisted driving systems globally by 2027, had already been priced in during prior sessions.

Earlier, UOB Kay Hian downgraded XPeng to Sell from Buy with a target price of HK$30, weighing on sentiment. On fundamentals, XPeng delivered 41,256 vehicles in September, up 5% month-over-month, with third-quarter deliveries reaching 118,390 units.

XPENG-W is principally engaged in the design, development, production and marketing of smart electric vehicles, with full-stack in-house developed advanced driver assistance system software deployed across its production models.

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