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Hong Kong stocks movement | Xiaopeng Autos-W (09868) once rose over 3%, capturing the sales champion of new forces in the first week of the year. Institutions pointed out that it is expected to start a strong new car cycle.
Xpeng Autos-W (09868) rose in the afternoon and turned positive, with an intra-day increase of over 3%. As of the time of writing, it is up 2.38%, reported at 47.3 Hong Kong dollars, with a trading volume of 0.719 billion Hong Kong dollars.
Cui Dongshu: In November, the retail sales of Electric Vehicles increased nearly 50% year-on-year, with strong growth momentum continuing.
In 2024, there will be intense changes in the domestic New energy Fund landscape, with the leading effects of traditional car manufacturers such as BYD, Geely, and Chery becoming increasingly evident, while the lower to mid-range segments remain relatively strong.
