XPeng Inc. Sponsored ADR (XPEV) Increases Despite Market Slip: Here's What You Need to Know

Yahoo FinanceJul 19 18:15 ET

Xpeng Opens Its 1st Showroom in HK

Since sales began on May 17, Xpeng has received more than 500 orders in Hong Kong, with the first deliveries of the G6 set to begin in the third quarter. For details, please visit CnEVPost.

CnEVPostJul 19 06:00 ET

Hong Kong stock concept tracking | "vehicle-road cloud integration" policy is bullish with frequent releases, the trillion-dollar market is expected to usher in a booming period (with concept stocks).

CITIC Securities pointed out that as regulations for self-driving industry on both national and local levels gradually improve, each link in the industry chain is expected to accelerate technology research and development and product deployment, benefiting the intelligent automotive industry chain.

Zhitong FinanceJul 17 19:45 ET

Express News | Shares of Chinese Stocks Are Trading Lower Amid Reports Suggesting the Biden Administration Is Considering Chip Sale Restrictions on China, Which Could Drive US-China Tensions

BenzingaJul 17 11:55 ET

Major bank rating: Bank of America Merrill Lynch lowered Xpeng's target price to HKD 45.6 and lowered sales forecasts for the next two years.

Bank of America Securities' research report suggests that Xpeng's sales volume will benefit from the launch of new models and the introduction of redesigned G6 and G9 models in the first half of the year, with some improvement starting from the second half of the year. Xpeng plans to launch the first model MO3 of its MONA series in August, and the P7+ model in the fourth quarter. These two models are expected to help Xpeng's monthly delivery volume increase from 0.1 million vehicles in June to 0.2 million vehicles at the end of this year. The bank pointed out that the company is expected to begin receiving technical service income from Volkswagen for its EEA platforms starting from the third quarter. The Bank estimated that Xpeng's delivery volume in the second quarter is about 0.03 million vehicles, an increase of 30% year-on-year, which is slightly lower than the bank's expected 0.031 million vehicles.

Gelonghui FinanceJul 17 04:01 ET

Bank of America Securities reiterated its "buy" rating on Xpeng-W(09868) and lowered its target price to HKD 45.6.

Bank of America Securities lowered its sales forecast for Xpeng-W (09868) for the next two years by 12% and 7%, respectively.

Zhitong FinanceJul 17 03:49 ET