Xiaopeng Motors' performance today was remarkable, with the US stock price rising sharply by nearly 16% and the Hong Kong stock (09868. HK) also strengthening.
As of press time, the Hong Kong stock of Xiaopeng Motors rose 18.50% to HKD 59.25.
Note: Trend of Xiaopeng Motors Hong Kong Stock
Note: The trend of Xiaopeng Motors' US stock market
On the evening of November 7th, Xiaopeng Motors held a press conference and the P7+was officially launched. The entire series of this model adopts single motor rear wheel drive and is equipped with 60.7 kWh and 76.3 kWh lithium iron phosphate battery packs. The CLTC range can reach up to 725 kilometers, with a starting price of 186800 yuan, which is 23000 yuan lower than the pre-sale price.
On that day, Xiaopeng Motors announced that the pre-sale order volume of its latest model, Xiaopeng P7+, had reached a new high, breaking the record set by Xiaopeng MONA on October 31st. After Xiaopeng P7+announced its price, the server experienced congestion. Xiaopeng officials stated that the traffic was 20 times that of MONA when it was launched, and it is currently being urgently dealt with.
On the same day, He Xiaopeng also revealed that the AI robot Xiaopeng Iron will be equipped with multiple self-developed chips to support end-to-end large models, with 15 movable degrees of freedom and tactile feedback supported mimetic hands. Currently, the robot has undergone production training for Xiaopeng P7+models at Xiaopeng Guangzhou factory, and Xiaopeng Iron will focus on factory and store scenarios in the future.
Currently, domestic automobile stocks are still facing an unfavorable situation
Driven by Xiaopeng Motors, most Hong Kong auto stocks have strengthened. As of press time, NIO SW (09866. HK), Geely Automobile (00175. HK), and Leapmotor (09863. HK) have increased by 18.50%, 7.39%, and 3.79% respectively.
Note: Trend of automotive stocks
However, automotive stocks will still face unfavorable conditions at present. On October 29th, the European Commission announced that it has ended its anti subsidy investigation into Chinese electric vehicles, and the final tariffs will officially take effect on October 30th local time.
The specific tax rates vary depending on the company: BYD 17%, Geely Automobile 18.8%, SAIC Group up to 35.3%, other companies that cooperate with the investigation will be charged 20.7%, and those that do not cooperate will be charged 35.3%.
In addition, Trump's inauguration may have a certain impact on the Chinese automotive industry. According to relevant reports, in October of this year, Trump stated in a speech at the Chicago Economic Club that if he is re elected, he will impose high tariffs on imported cars, including those from Europe and Mexico.
South America, where Mexico is located, has always been regarded by Chinese car companies as a springboard to enter the North American market, and car companies such as Chery, BYD, and Great Wall Motors have already established their presence in South America.
According to the United States Mexico Canada Agreement, many categories of products exported from Mexico to the United States and Canada can enjoy lower tariffs, even zero tariffs. Currently, the sales of electric vehicles in Mexico are relatively low, but Mexico has become the second largest exporter of automobiles to China.