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XPeng Shares Fall 8% While Geely Auto Sinks 10% on Concerns About BYD's Smart Driving Push

Reuters
02-11

SHANGHAI, Feb 11 (Reuters) - Shares in Chinese automakers Xpeng and Geely Auto tumbled on Tuesday on worries that they will struggle to compete against BYD's 1211.HK move to offer smart driving features across almost all of its line-up for free.

Xpeng's shares fell 8.27%, their biggest decline in two months, while Geely fell 9.7%. BYD's Hong Kong-listed shares added 0.9% to reach a record high.

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