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Xpeng share fell nearly 3%, closing at $20.30 on Thursday, as mixed news surrounding the company created a cautious market mood.
On the positive side, Chairman He Xiaopeng officially unveiled the revamped P7 model on May 15. The new P7 is positioned as a tech-savvy luxury coupe, aimed at elevating the brand's status in the intelligent electric vehicle market. Notably, the vehicle drops LiDAR technology in favor of a pure vision-based autonomous driving system—a bold move that underscores Xpeng’s confidence in its self-developed AI chips and software algorithms.
However, despite the technological advancements and excitement around the new launch, institutional behavior tells a different story. According to a filing submitted by JPMorgan to the SEC on May 12, the investment bank significantly reduced its holdings in both Xpeng and Li Auto during Q1 2025. JPMorgan slashed its position in Xpeng by 330.5 million shares (a 72% drop), bringing its stake down to 1.293 million shares. Similarly, the firm reduced its Li Auto holdings by 17%, now holding 3.32 million shares.
This dual narrative reflects a broader tension in the EV sector: bold technological innovation vs. institutional caution. While Xpeng's commitment to cutting-edge tech and autonomous driving is commendable, the sharp reduction in holdings by a major player like JPMorgan could suggest lingering concerns around profitability, delivery scale, or market competition.
Investors will be closely watching how the new P7 performs in the second half of the year—and whether Xpeng's bet on pure vision autonomy can pay off in an increasingly saturated EV landscape.
On the positive side, Chairman He Xiaopeng officially unveiled the revamped P7 model on May 15. The new P7 is positioned as a tech-savvy luxury coupe, aimed at elevating the brand's status in the intelligent electric vehicle market. Notably, the vehicle drops LiDAR technology in favor of a pure vision-based autonomous driving system—a bold move that underscores Xpeng’s confidence in its self-developed AI chips and software algorithms.
However, despite the technological advancements and excitement around the new launch, institutional behavior tells a different story. According to a filing submitted by JPMorgan to the SEC on May 12, the investment bank significantly reduced its holdings in both Xpeng and Li Auto during Q1 2025. JPMorgan slashed its position in Xpeng by 330.5 million shares (a 72% drop), bringing its stake down to 1.293 million shares. Similarly, the firm reduced its Li Auto holdings by 17%, now holding 3.32 million shares.
This dual narrative reflects a broader tension in the EV sector: bold technological innovation vs. institutional caution. While Xpeng's commitment to cutting-edge tech and autonomous driving is commendable, the sharp reduction in holdings by a major player like JPMorgan could suggest lingering concerns around profitability, delivery scale, or market competition.
Investors will be closely watching how the new P7 performs in the second half of the year—and whether Xpeng's bet on pure vision autonomy can pay off in an increasingly saturated EV landscape.
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