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<Research>CICC Keeps Outperform on XPENG-W, Reduces TP to HKD90
Recommend 7 Positive 11 Negative 4 |
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XPENG-W (09868.HK) has been adjusting its organizational structure since 2023 and is experiencing a strong product cycle based on models like MONA, according to a report from CICC. The strategic cooperation with Volkswagen has also realized a revenue model through technology licensing and enhanced XPENG-W's profitability. In Addition, XPENG-W continues to invest in Robotaxi and humanoid robots. Its technology and commercialization progress is leading the industry. CICC has kept an Outperform rating on XPENG-W but reduced its target price by 17% to HKD90. AAStocks Financial News |
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