Xpeng Stock

Major EV makers have seen consecutive days of declines as year-end vehicle deliveries prove weaker than previous years amid tapering stimulus policies.

At press time, Xpeng was up 15.11 percent in Hong Kong, with its market cap returning above HK$200 billion.

From January to September, Li Auto's deliveries fell 13.07 percent year-on-year, while Xpeng surged 217.77 percent.

Xpeng CEO purchased 3.1 million Class A ordinary shares of the company on August 20-21 at an average price of HK$80.49 per share.

As of press time, Xpeng was up 7.94 percent in Hong Kong to a five-month high, bringing its gains for the month to 19 percent.

Xpeng CEO increased stake in his company in Hong Kong and US stock markets, and plans to increase it further.

Insurance registrations for Nio vehicles were 15,400 for May 1-26, already close to the full month of deliveries in April.

Alibaba's Taobao China completed the sale of 33 million Xpeng ADSs on March 22, according to a Hong Kong stock exchange announcement.

This is the latest reduction in Alibaba's holdings after it sold 25 million of Xpeng's ADSs last year. An Alibaba executive resigned as a director of Xpeng.

The direct impact of Alibaba's share sale on Xpeng shares should be transient and manageable, Morgan Stanley said.