Xpeng

The Mona project will be aimed at both corporate and general consumers, but it's uncertain whether Xpeng will create an entirely new channel for the project, according to local media.

Xpeng saw its biggest one-day gain in early Hong Kong trading since the Volkswagen deal late last month.

The first model in the "Mona" program will be an A-class EV, to be launched in 2024 to expand into the popular RMB 150,000 segment.

The next opportunity is at AIGC and auto, where Xpeng's deeper collaboration with Nvidia is about to begin, the EV maker's CEO said.

Xpeng launched the G9 and P7i to the European market in February and opened customer orders in Denmark, Norway, the Netherlands and Sweden at that time.

Xpeng sees Nvidia's Drive Thor's 2,000 Tops of computing power as too much and has made a request for a customized Thor chip with 750 Tops of power, according to local media.

Shares of Xpeng have given up the entire rally that followed the Volkswagen announcement, suggesting that the markets are missing the forest for the trees, Deutsche Bank said.

The Xpeng G9, while receiving praise in social media discussions, has had a lukewarm sales performance, and its facelift is expected to make up for some of its regrets.

Xpeng expects G6 deliveries to ramp up significantly in September, driving the company's monthly deliveries to over 15,000 units.

Xpeng reported second-quarter earnings today, and Deutsche Bank analyst Edison Yu's team provided their first impressions.