XPeng Will Need to Navigate Tricky 2026 -- Market Talk

Dow Jones

01/16

0315 GMT - XPeng needs to navigate a tricky 2026 as it continues to expand its lineup with new models, Macquarie analyst Eugene Hsiao writes in a note. The electric-vehicle company's sales volume is at risk from recent changes in China's policy, as buyers of its best-selling Mona M03 will receive a lower vehicle-replacement subsidy, he adds. XPeng's focus on full EVs could weigh on margins should rising lithium costs pass through to battery prices. Macquarie cuts its 2026 gross margin forecast for XPeng by 260 bps. Nonetheless, XPeng has the highest chance of a rerating among Chinese EV makers, Hsiao says, citing its non-EV tech pursuits. The brokerage maintains its outperform rating for the stock but cuts the target price to HK$100.00 from HK$122.00. Shares last at HK$81.95. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

January 15, 2026 22:15 ET (03:15 GMT)

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The electric-vehicle company's sales volume is at risk from recent changes in China's policy, as buyers of its best-selling Mona M03 will receive a lower vehicle-replacement subsidy, he adds. XPeng's focus on full EVs could weigh on margins should rising lithium costs pass through to battery prices. Macquarie cuts its 2026 gross margin forecast for XPeng by 260 bps. Nonetheless, XPeng has the highest chance of a rerating among Chinese EV makers, Hsiao says, citing its non-EV tech pursuits. The brokerage maintains its outperform rating for the stock but cuts the target price to HK$100.00 from HK$122.00. Shares last at HK$81.95. 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The electric-vehicle company's sales volume is at risk from recent changes in China's policy, as buyers of its best-selling Mona M03 will receive a lower vehicle-replacement subsidy, he adds. XPeng's focus on full EVs could weigh on margins should rising lithium costs pass through to battery prices. Macquarie cuts its 2026 gross margin forecast for XPeng by 260 bps. Nonetheless, XPeng has the highest chance of a rerating among Chinese EV makers, Hsiao says, citing its non-EV tech pursuits. The brokerage maintains its outperform rating for the stock but cuts the target price to HK$100.00 from HK$122.00. Shares last at HK$81.95. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 15, 2026 22:15 ET (03:15 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EVS.SI","symbol_name":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2603955787","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2603955787","pubTimestamp":1768533300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0315 GMT - XPeng needs to navigate a tricky 2026 as it continues to expand its lineup with new models, Macquarie analyst Eugene Hsiao writes in a note. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","BK4526":"热门中概股","BK4551":"寇图资本持仓","BK4505":"高瓴资本持仓","BK4555":"新能源车","09868":"小鹏汽车-W","XPEV":"小鹏汽车","BK4099":"汽车制造商"},"translate_title":"小鹏汽车将需要度过棘手的2026年——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09868":1.95,"EVS.SI":0.6,"XPEV":1.95},"content_text":"0315 GMT - XPeng needs to navigate a tricky 2026 as it continues to expand its lineup with new models, Macquarie analyst Eugene Hsiao writes in a note. The electric-vehicle company's sales volume is at risk from recent changes in China's policy, as buyers of its best-selling Mona M03 will receive a lower vehicle-replacement subsidy, he adds. XPeng's focus on full EVs could weigh on margins should rising lithium costs pass through to battery prices. Macquarie cuts its 2026 gross margin forecast for XPeng by 260 bps. Nonetheless, XPeng has the highest chance of a rerating among Chinese EV makers, Hsiao says, citing its non-EV tech pursuits. The brokerage maintains its outperform rating for the stock but cuts the target price to HK$100.00 from HK$122.00. Shares last at HK$81.95. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 15, 2026 22:15 ET (03:15 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}