Understanding the Market | XPENG-W fell over 6% in early trading, He Xiaopeng stated that the competition in the automotive market will be fierce in the next 5 years, and intelligent driving is entering a period of strict regulation
XPENG-W fell over 6% in early trading, and as of the time of writing, it has dropped 5.62%, trading at HKD 77.2, with a transaction volume of HKD 1.029 billion. In terms of news, on June 12, XPeng's Chairman and CEO He Xiaopeng stated during a group interview following the G7 global debut press conference that competition among automotive companies will be very fierce in the next five years. The company is focusing approximately HKD 4.5 billion of its R&D expenses this year on the AI field to enhance research intensity in response to intense market challenges. The company's goal is to achieve profitability in the fourth quarter despite significant expenditures, and it mentioned that the financial situation in the second quarter is good. Ping An Securities pointed out that intelligent driving has entered a period of strong regulation, and car manufacturers are becoming cautious about marketing intelligent driving. During the Shanghai Auto Show, XPeng did not market its intelligent driving, focusing its promotion on pure electric efficiency and technologies such as 5C supercharging. In its official WeChat account, it refers to its intelligent driving system as "AI Intelligent Assisted Driving" and emphasizes that "assisted driving ≠ autonomous driving."
According to the Zhitong Finance APP, XPeng-W (09868) fell over 6% in early trading, and as of the time of writing, it was down 5.62%, priced at HKD 77.2, with a transaction volume of HKD 1.029 billion.
In terms of news, on June 12, XPeng's Chairman and CEO He Xiaopeng stated during a group interview following the G7 global debut press conference that competition among automotive companies will be very fierce in the next five years. The company is focusing approximately RMB 4.5 billion of its R&D expenses this year on the AI field to enhance research intensity in response to intense market challenges. The company's goal is to achieve profitability in the fourth quarter despite significant expenditures, and it mentioned that the financial situation in the second quarter is good.
Ping An Securities pointed out that intelligent driving has entered a period of strong regulation, and car companies are becoming cautious about marketing intelligent driving. During the Shanghai Auto Show, XPeng did not market its intelligent driving, focusing its promotion on pure electric efficiency and technologies such as 5C supercharging. In its official WeChat account, it referred to its intelligent driving system as "AI Intelligent Assisted Driving" and emphasized that "assisted driving ≠ autonomous driving."
