On February 9, the Shenzhen Stock Exchange issued an announcement that in accordance with the relevant provisions of the Measures for the Implementation of shenzhen-Hong Kong Stock Connect business of the Shenzhen Stock Exchange, Xiaopeng Automobile (9868.HK) will be included in the list of Hong Kong Stock Connect stocks under Shenzhen-Hong Kong Stock Connect, which will take effect from February 9. Boosted by this good news, as of press time, Xiaopeng Automobile surged more than 7% before the market.
As China's "first smart electric vehicle stock", and also the first major Chinese stock to complete a "dual major listing" on the New York Stock Exchange and the Hong Kong Stock Exchange in three years, Xiaopeng Motors has taken the lead again and become the first new car-making force to be included in the Hong Kong Stock Connect. After inclusion, qualified domestic investors can start buying Hong Kong stocks of Xiaopeng Motors. This move will directly contribute to the liquidity of its company's stock and further increase the market attention of Xiaopeng Motors.
Since 2021, Xiaopeng Automobile's sales have been rising, winning the 2021 annual new force sales championship with a score of 98,155 units. As of January 2022, the cumulative delivery of Xiaopeng Automobile has exceeded 150,000 units in history. Its three models on sale, Xiaopeng P7, P5 and G3, have become hot models in their respective categories, and the new flagship model G9 has received high praise from the market after its release, and its product competitiveness and market demand are strong. Based on the good expectations of Xiaopeng Automobile's highly competitive product matrix and growth potential, CICC, Citi and other major banks have recently raised the target price of Xiaopeng Motors' Hong Kong stocks, with the highest target price reaching HK$357.
CICC believes that Xiaopeng Automobile adheres to the self-research of software and hardware full stack, builds scientific and technological advantages and business model innovation, realizes intelligent functions to take the lead in landing and rapid iteration, and continuously consolidates and strengthens differentiated advantages. Follow-up companies will make more breakthroughs in the fields of intelligent driving, intelligent cockpit, and efficient energy replenishment. Citibank reported that Xiaopeng Motors is the preferred stock in its new energy automobile industry, and it is expected that the future OTA of the city NGP, the listing of the flagship model G9, and the company's announcement to explore the Robotaxi business will be positive factors.