Understanding the Market | XPENG-W rose over 3% and announced its official entry into the Italian market, with local government encouraging the acceleration of the new energy revolution

XPENG-W rose over 3%, as of the time of publication, up 3.37%, reported at HKD 81.4, with a transaction volume of HKD 466 million. In terms of news, according to market reports on May 13, during the 2025 Milan Design Week, XPeng became one of the first Chinese new power car companies to land at the Milan Design Week and is the only Chinese car brand to settle in the Milan ADI Design Museum. For this event, XPeng brought the XPeng P7+, the XPeng Huizhen Voyager X2 flying car, and humanoid robots among other "hard technology" products. On the day of the event, XPeng officially announced its launch in the Italian market. It is reported that Italy, as one of the top five automotive markets in Europe and a pioneer in the electrification transition in Europe, is accelerating the new energy revolution relying on a century of design accumulation and a combination of policy measures. The government is initiating incentives through tax benefits, investment in charging infrastructure, and other policies, aiming to achieve an annual production capacity target of 1.3 million new energy vehicles by the end of 2025. On the infrastructure level, the national charging network is expanding at an annual rate of 35%, with the current number exceeding 40,000, creating the most densely populated smart charging ecosystem in Southern Europe