On July 28, XPENG-W rose 3.15% in regular trading, trading at HKD 50.3 per share, with turnover of HKD 137 million. The stock rebounded after consecutive declines driven by the X9 recall and MIIT inspection concerns.

On the news front, an internal source at GAC Aion disclosed that the MIIT Equipment Industry Division's recent supervisory inspection of both GAC Aion and XPeng's Zhaoqing facility was not a targeted action but rather a routine industry-wide check on vehicle production safety and consistency, alleviating market fears of company-specific regulatory scrutiny. The inspection had previously raised concerns due to the shared battery supplier, CALB, between the two inspected companies.

Separately, XPeng recently announced the recall of 33,473 X9 vehicles produced between August 2023 and August 2025 due to a front air spring airtightness defect that may cause gradual leakage under hot and humid conditions. The broader Automobile Manufacturers sector rallied today, with LI AUTO-W up 3.99%, GEELY AUTO up 2.44%, BYD COMPANY up 2.43%, and LEAPMOTOR up 1.99%, reflecting improved industry sentiment.

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