Xpeng, Geely Auto’s shares fall on concerns about BYD’s smart driving push

SHANGHAI: Shares in Chinese automakers Xpeng and Geely Auto tumbled on Tuesday on worries that they will struggle to compete against BYD’s move to offer smart driving features across almost all of its line-up for free.

Xpeng’s shares fell 5.9%, their biggest decline in two months, while Geely fell 7.2%.

China’s Geely Holding targets over 5 million units of annual sales by 2027

BYD’s Hong Kong-listed shares added 0.9% to reach a record high.