Group 1: Company Insights - Xiaopeng Motors (9868) is recommended for purchase with a target price of HKD 89.00, indicating a potential upside of 15.6% from the current price of HKD 79.80 [10][11] - The company launched its new sedan, The Next P7, in early August, achieving over 10,000 pre-orders within 7 minutes of the announcement, indicating strong market interest [11] - In July, Xiaopeng Motors delivered 36,717 smart electric vehicles, a year-on-year increase of 229%, and has achieved a cumulative delivery of 233,906 vehicles in the first seven months of 2025, up 270% year-on-year [11] Group 2: Industry Trends - The Hang Seng Index is expected to challenge the 26,000-point mark, supported by improved corporate earnings and a favorable risk appetite in the market [3][7] - The technology sector is anticipated to see valuation increases due to strong earnings from leading companies, which may drive overall market momentum [8] - The Chinese government plans to strengthen regulations on smart connected vehicles, focusing on software upgrades and advertising practices to ensure consumer safety and accurate information [12]

Core Viewpoint - The Next P7 was unveiled with features such as dual-chamber suspension, Ultra (Turing chip) intelligent driving, and a maximum range of 820 km. The pricing will be announced at the end of August, with a formal launch to follow [1]. Group 1: Product Features - The Next P7 has dimensions of 5017*1970*1427 mm, making it longer and wider than the current P7, but lower in height. The design emphasizes a futuristic feel rather than luxury [1]. - The vehicle features a dual-motor version that can accelerate from 0 to 100 km/h in 3.9 seconds [1]. Group 2: Design Perspective - The design of The Next P7 is described as original and futuristic, aiming to inherit the low stance and overall proportions of the previous model while innovating on its appearance. The design reflects the brand's attitude of being bold and different [1]. Group 3: Sales Outlook - The sales performance of The Next P7 will largely depend on its pricing, which is expected to be in the range of 250,000 to 300,000 yuan. The pre-sale has started, but the price has not yet been disclosed. Monthly sales are projected to reach 3,000 to 4,000 units [1].