Group 1 - Xpeng Motors (09868) experienced a decline of over 3%, with a current price of HKD 64.75 and a trading volume of HKD 528 million [1] - In January, Xpeng Motors delivered 20,011 new vehicles, representing a year-on-year decrease of 34.07% and a month-on-month decrease of 46.65% [1] - According to CMB International, the automotive market in Q1 2026 is expected to be subdued due to seasonal off-peak effects and previous consumption overhang [1] Group 2 - The continuation of the trade-in policy is expected to support initial market expectations, but the reduction in subsidies for vehicles priced under RMB 150,000 is causing increased consumer hesitation [1] - Consumers are likely to wait for local subsidy details to be finalized, leading to a delay in some car purchase demand at the beginning of the year [1]
小鹏汽车-W续跌超3% 1月交付新车同比下降34.07%