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XPENG-W Surges 7%+ as Citi Says GX to Capture Mkt Shr from LI AUTO-W L8
Recommend 8 Positive 12 Negative 7 |
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XPENG-W (09868.HK) opened 2.42% higher today, hitting an intraday peak of HKD63.2. It last stood at HKD62.15, up 7.25%, with turnover of 13.0104 million shares, involving HKD800 million. Citi released a research report on XPENG-W, of which new GX model is finally priced at RMB269,800, above market expectations. The broker expected the model's monthly sales to reach 8,000-9,000 units at maturity, and believed it will capture market share from LI AUTO-W (02015.HK)'s L8, Lynk & Co 900 and AITO M8. The broker's short-term preference ranking is NIO-SW (09866.HK), XPENG-W and LI AUTO-W. Citi assigned a target price of HKD100 for XPENG-W and USD25.6 for XPeng Inc. (XPEV.US), maintaining a Buy rating. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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