Market Insight | XPENG-W rises by over 3% as the milestones under the stock purchase agreement have been achieved

XPENG-W rose more than 3%. As of the time of publication, it rose by 3.65% to HKD 27, with a turnover of HKD 13.7103 million. On the news front, on the evening of August 13, XPeng Motors announced that the company has started producing mass-produced vehicles Mona since July 30, 2024, for sale and delivery to ordinary customers, thus achieving the milestones under the stock purchase agreement. Starting from August 1, 2024, the first batch of exhibition vehicles of the intelligent pure electric coupe XPeng MONAM03 has successively arrived at XPeng Motors showrooms nationwide. Accordingly, the SOP delivery occurred on August 13, 2024. According to the stock purchase agreement, the company has issued and issued 4,636,447 shares of Class A common stock to Didi as consideration shares for SOP, accounting for approximately 0.24% of the company's issued and outstanding share capital after the issuance and issuance of SOP consideration shares