1030 GMT - XPeng's vehicle-delivery volume will likely be robust given its new-model pipeline, Morningstar's Vincent Sun says in a research note. While XPeng reported in-line revenue in 1Q, its margin improvement disappointed due to a higher sales contribution from the lower-priced Mona M03 and pressure from price competition, among other factors, the analyst says. Morningstar raises XPeng's 2025-2029 vehicle-delivery forecast by more than 30% to factor in the company's strong new-model cycle, Sun says. However, the analyst only increases its 2025-2029 revenue projection by 5%-9% due to lower vehicle-price assumptions. XPeng's H shares last ended 5.8% higher at HK$82.05. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

May 22, 2025 06:31 ET (10:31 GMT)

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