XPENG-W (09868.HK) +0.400 (+1.272%) Short selling $96.95M; Ratio 14.731% announced its entry into Hong Kong by signing a contract with Sime Darby Motors Group as a partner and authorising the latter to be the official distributor of XPENG for the Hong Kong market. Battery-electric smart car XPENG G6, battery-electric seven-passenger vehicle XPENG X9 and Flying Car Traveller X2 (by subsidiary XPENG AEROHT) officially debuted in Hong Kong.
The G6 is available at the show and on the official website of XPENG Hong Kong at an indicative price of $299,900 (standard range) and $349,900 (long range), taking into account the One-for-One Replacement scheme. The first right-hand drive version of the G6 is expected to be delivered in 3Q24. XPENG X9 will cost less than $500,000 before tax.
Sime Darby Motors will provide a range of after-sales services to owners of XPENG vehicles. XPENG will hold an auto show at the Ocean Terminal in Harbour City for three days from now until 19 May.
After its first Hong Kong car show, XPENG will hold its first pop-up shop at Discovery Park in Tsuen Wan from 20 May to 1 July. Showroom openings will follow in Yuen Long and Wan Chai in 3Q24. Sime Darby Motors, as the official distributor, will also open the Delivery and Maintenance Centre for XPENG cars in Shek Mun, Shatin in 3Q24.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.)
