At press time, Xpeng was up 15.11 percent in Hong Kong, with its market cap returning above HK$200 billion.
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Category: XPeng Stock
From January to September, Li Auto's deliveries fell 13.07 percent year-on-year, while Xpeng surged 217.77 percent.
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Xpeng CEO purchased 3.1 million Class A ordinary shares of the company on August 20-21 at an average price of HK$80.49 per share.
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As of press time, Xpeng was up 7.94 percent in Hong Kong to a five-month high, bringing its gains for the month to 19 percent.
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Xpeng CEO increased stake in his company in Hong Kong and US stock markets, and plans to increase it further.
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Insurance registrations for Nio vehicles were 15,400 for May 1-26, already close to the full month of deliveries in April.
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Alibaba’s Taobao China completed the sale of 33 million Xpeng ADSs on March 22, according to a Hong Kong stock exchange announcement.
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This is the latest reduction in Alibaba's holdings after it sold 25 million of Xpeng's ADSs last year. An Alibaba executive resigned as a director of Xpeng.
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The direct impact of Alibaba's share sale on Xpeng shares should be transient and manageable, Morgan Stanley said.
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Xpeng said Alibaba's move was in execution of its capital management strategy and not due to a change in its view of the company.
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