CITIC SEC released a research report stating that it maintains a "Buy" rating for Xpeng Motors-W (09868). The firm believes that Xpeng will continuously launch two blockbuster models, MONA and P7+, in the second half of 2024, with delivery volumes continuing to rise, achieving the best results in history, driven by the company's enhancement of its "system capability".
The report states that after undergoing organizational restructuring over the past two years, Xpeng Motors has completed iterations in product concepts, cost structures, and marketing strategies, laying a solid foundation for a major product cycle in 2025-2026. The established "end-to-end" technology trend in the autonomous driving industry and Xpeng's accumulation in autonomous driving algorithms and self-developed chips is expected to translate into a breakthrough in autonomous driving experience in 2025, leading the industry towards a continued commercial closed loop.
