Market Analysis | XPENG-W drops nearly 4% as car sales lag behind, with only a 23% achievement rate for the full-year delivery target
XPENG-W fell nearly 4%, as of the time of publication, it dropped by 3.84% to HKD 27.55, with a turnover of HKD 4.33 billion. On the news front, XPeng delivered a total of 11,145 new cars in July, a year-on-year increase of 1% and a month-on-month increase of 4%, gradually widening the gap with new energy vehicle brands. As of July 31st, XPeng has delivered a total of 63,173 new cars, a year-on-year increase of 20%, with only a 23% achievement rate of its annual delivery target. Bank of America Securities lowered XPeng's sales forecast for the next two years by 12% and 7% respectively, and reduced its target price from HKD 49.5 to HKD 45.6. The bank expects XPeng's sales volume to benefit from the launch of new models and the introduction of redesigned models G6 and G9 in the first half of the year, with improvements expected from the second half of the year
According to the information from Zhitong Finance and Economics APP, XPENG-W (09868) fell by nearly 4%, as of the time of publication, it dropped by 3.84% to HKD 27.55, with a turnover of HKD 433 million.
On the news front, XPeng delivered a total of 11,145 new cars in July, a year-on-year increase of 1% and a month-on-month increase of 4%, gradually widening the gap with new energy brands. As of July 31st, XPeng has delivered a total of 63,173 new cars, a year-on-year increase of 20%, with only 23% of the annual delivery target achieved.
Bank of America Securities lowered XPeng's sales forecast for the next two years by 12% and 7% respectively, and reduced its target price from HKD 49.5 to HKD 45.6. The bank pointed out that XPeng's sales are expected to benefit from the launch of new models and the introduction of redesigned models G6 and G9 in the first half of the year, with improvements expected from the second half of the year