0803 GMT - XPeng will likely see further growth in shipments, market-share gains and stronger margins in 2025, Nomura analysts write in a note. Demand for its cars should rise further, driven by upcoming face-lifted and new models, they add. XPeng's vehicle margin reached double digits for the first time in 4Q, thanks to accelerated shipments and cost-reduction efforts, they say. Meanwhile, the carmaker's AI push, including advanced driver-assistance systems and robotics, should further support long-term growth, they add. A potential Indonesia factory may also pave the way for long-term overseas opportunities, Nomura says. The investment bank initiates coverage of the stock with a buy rating and a target price of HK$113.00. Shares are last at HK$89.05. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 20, 2025 04:03 ET (08:03 GMT)
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