$XPeng (XPEV.US)$Research Reports: Xpeng's delivery accelera...

September 13 | Tianfeng Securities released a research report stating that Xpeng's short-term orders are still limited by the shortage of core parts, but the delivery acceleration pace is strong. G6 is driving the rapid growth of total deliveries, and it is expected to achieve overall positive cash flow in the second half of the year and a positive gross margin in the fourth quarter. Looking forward to the second half of the year and the 24-year automobile market, with the background of industry price wars and the release of Tesla's facelift, Xpeng's new product line still has strong comprehensive product competitiveness. At this stage, the bank believes that Xpeng's first product G6, after the rapid implementation of smart advantages, has fully verified the demand for smartization. The flywheel of Xpeng's products, sales volume, and experience is expected to accelerate landing, and smartization may become the core decisive factor in the next stage of the automobile industry. It is recommended to pay close attention to the production capacity and delivery of Xpeng's G6.