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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the accelerating adoption of electric vehicles within the logistics and rental sectors, Xpeng has delivered 1,300 EVs to Car Inc, a leading car rental platform in China. According to reports, this partnership aims to boost smart mobility and modernize Car Inc's fleet with advanced driver-assist technology. Furthermore, data indicates that Car Inc plans to acquire at least 5,000 more Xpeng vehicles within the next year to expand its service reach.
This deal comes as Chinese EV makers face intense competition for market share, with peers like Li Auto reporting strong monthly delivery growth recently per market data. Large-scale fleet deals help companies like Xpeng secure stable cash flows and increase brand visibility across major Chinese cities, especially as demand for sustainable transportation solutions continues to rise.
Regarding market performance, 9868.HK closed at 51.8 HKD as of July 2, 2026, after reaching a session high of 53.7 HKD. Investors are now looking ahead to China's Manufacturing PMI release on June 30, which could provide clearer signals on economic recovery and industrial demand, potentially impacting the automotive sector's momentum.