Xpeng

The market value of Bridgewater's holdings in Nio decreased by 22.58 percent during the third quarter, while its holdings in Xpeng and Li Auto decreased by 62.31 percent and 39.77 percent, respectively.

Xpeng delivered 29,570 vehicles in the third quarter, up 15.21 percent from the same period last year and down 14.10 percent from the second quarter.

Li Auto with 2,224 units, Xpeng with 1,115 units, Zeekr with 2,308 units and Neta with 1,896 units.

Xpeng has appointed former brand head Li Pengcheng as assistant to the CEO, reporting to chairman and CEO He Xiaopeng, according to local media.

Xpeng Aeroht said the move will increase its confidence in the flying car business and support it to increase capital investment in research and development.

Rumors that Xpeng may launch extended-range electric vehicles (EREVs) festered on Chinese social media over the weekend, and the company's co-founder denied it.

This is Xpeng's second ABS offering in the domestic capital market, further diversifying its direct financing channels on China's two major exchanges.

Hong Kong stocks rose overall, with the Hang Seng Index up 5.8 percent and the Hang Seng Tech Index up 8.2 percent.

The G9 becomes the first unmodified commercial vehicle to qualify for autonomous driving testing on designated public roads in China, laying the groundwork for Xpeng's exploration of the robotaxi field.

Deutsche Bank analyst Edison Yu's team expects several new product cycles to drive sales up in November and December, and sales should also broadly benefit from NEV subsidies that expire at the end of the year.