小鹏新车7分钟大定突破1万台，机构称汽车板块不缺结构性行情

Group 1 - The Hong Kong stock market opened lower on August 28, with the Hang Seng Tech Index ETF (513180) following suit, showing a slight decline. Major holdings such as Meituan, Xpeng Motors, Alibaba, NIO, Li Auto, and BYD experienced significant drops [1] - According to the China Passenger Car Association, from August 1 to 24, the retail sales of new energy passenger vehicles reached 727,000 units, marking a year-on-year increase of 6% and a month-on-month increase of 7%. The retail penetration rate for new energy passenger vehicles reached 56.6%, with cumulative retail sales of 7.182 million units for the year, up 27% year-on-year [1] - Xpeng Motors launched its new P7 model on August 27, positioning it as a future AI luxury coupe, with four variants priced between 219,800 to 301,800 yuan. The company reported that the model achieved over 10,000 pre-orders within 7 minutes [1] Group 2 - CITIC Securities noted that the automotive industry is entering a period of intensive mid-year performance disclosures, with previously low expectations for high-performing automotive stocks leading to valuation upgrades. The improvement in passenger vehicle sales and profitability has also resulted in strong stock performance for companies like Great Wall Motors and Xpeng [1] - The robotics sector, which had previously garnered high market attention, has recently reached new highs due to concentrated catalysts [1] - The Hang Seng Tech Index ETF (513180) has a latest valuation (PETTM) of 22.3 times, which is at approximately the 25.42% valuation percentile since its inception on July 27, 2020. This indicates that the current valuation is lower than 74% of the time since the index was launched, suggesting that the sector remains in a historically undervalued range [2] - With expectations of a Federal Reserve interest rate cut and potential improvements in external liquidity, the high elasticity and growth characteristics of the Hang Seng Tech Index suggest greater upward momentum [2]