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Stock impact report

XPENG Expands Footprint with Entry Into Hong Kong and Macau

XPeng Inc. American depositary shares, each representing two Class A ordinary shares (XPEV) 
Company Research Source: GlobeNewswire
GUANGZHOU, China, April 10, 2024 (GLOBE NEWSWIRE) -- XPENG Motors (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today expands its footprint through a dealer partnership with Sime Darby Motors in Hong Kong. Dr. Brian Gu, Vice Chairman and President of XPENG Motor (left), and Mr. Tommy Wong, Managing Director of Hong Kong & Macau, Sime Darby Motors (HK) Limited (right) The partnership will enable XPENG to bring its latest smart EVs to local consumers in the Hong Kong market with branded showrooms, after-sales support, and comprehensive guidance through each stage of the buying process. XPENG has already experienced rapid growth in the ten years since its establishment in 2014. As of the end of last year, its cumulative historical delivery volume exceeded 400,000, and it delivered more than 140,000 new vehicles in 2023 alone. A Strategic Move Entry into Hong Kong is a strategic next step for XPEN Show less Read more
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