Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Cuts XPENG-W's TP to HKD100, Expects 1Q Overall Gross Margin at 20%
Recommend 8 Positive 5 Negative 5 |
||||
|
||||
|
XPENG-W (09868.HK) is expected to achieve a vehicle gross margin of 10.5% in 1Q26 on the strength of improved product mix and cost control, with an overall gross margin of around 20%, according to Citi's research report. Four new car models are set to be launched by XPENG-W later this year, which are likely to further drive sales recovery. Excluding RMB7 billion in AI-related R&D expenses, the adjusted net profit for the electric vehicle business is estimated to reach RMB300 million for 1Q26 and RMB5.5 billion for the full year of 2026, reflecting anticipated positive automotive free cash flow sufficient to support AI and robotics business development. Citi has cut its target price for XPENG-W from HKD107.8 to HKD100, with a Buy rating remaining in place. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
