HK Stock Market Move | XPENG-W (09868) fell more than 4% in mid-session, the second generation VLA was officially released, and delivery volume in February declined month-on-month.

XPENG-W (09868) fell more than 4% during trading, down 3.64% as of the latest update, trading at 64.8 Hong Kong dollars with a turnover of 3.96 billion Hong Kong dollars. On the news front, on March 2, Xiaopeng Motors held a press conference to officially launch the second generation VLA, which will be fully rolled out by the end of March. In addition, the 2026 Xiaopeng X9 all-electric version, which was launched on March 2, became one of the first models to be equipped with Xiaopeng's second generation VLA. On March 1, several new energy vehicle companies announced their delivery volumes in February. Among them, Xiaopeng Motors delivered less than 20,000 vehicles, with both year-on-year and month-on-month declines. Data shows that Xiaopeng Motors delivered 15,256 new vehicles in February, a year-on-year decrease of 49.9% and a month-on-month decrease of 23.8%.