XPeng Set to Sustain Strong Sales Momentum Next Year -- Market Talk

Dow Jones

2024/11/21

0437 GMT - XPeng will likely report stronger sales volume for the rest of this year and next year, thanks to demand for its new models, CCB International analyst Qu Ke writes in a note. The Chinese automaker is on track to reach its monthly delivery target of 30,000 units in December due to strong sales of its Mona M03 and P7+ models, he adds. Supported by the strong momentum, XPeng could achieve a significant leap in sales volume next year, which could result in 50% growth by the end of 2025, he says. The brokerage forecasts 280,000 units of deliveries next year, which would mean deliveries of an average of 70,000 units per quarter. CCB raises its target price on the stock to $17.80 from $9.10 while maintaining an outperform rating. Shares last closed at $12.64. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

November 20, 2024 23:37 ET (04:37 GMT)

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The Chinese automaker is on track to reach its monthly delivery target of 30,000 units in December due to strong sales of its Mona M03 and P7+ models, he adds. Supported by the strong momentum, XPeng could achieve a significant leap in sales volume next year, which could result in 50% growth by the end of 2025, he says. The brokerage forecasts 280,000 units of deliveries next year, which would mean deliveries of an average of 70,000 units per quarter. CCB raises its target price on the stock to $17.80 from $9.10 while maintaining an outperform rating. Shares last closed at $12.64. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 20, 2024 23:37 ET (04:37 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XPeng Set to Sustain Strong Sales Momentum Next Year -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXPeng Set to Sustain Strong Sales Momentum Next Year -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-11-21 12:37</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0437 GMT - XPeng will likely report stronger sales volume for the rest of this year and next year, thanks to demand for its new models, CCB International analyst Qu Ke writes in a note. The Chinese automaker is on track to reach its monthly delivery target of 30,000 units in December due to strong sales of its Mona M03 and P7+ models, he adds. Supported by the strong momentum, XPeng could achieve a significant leap in sales volume next year, which could result in 50% growth by the end of 2025, he says. The brokerage forecasts 280,000 units of deliveries next year, which would mean deliveries of an average of 70,000 units per quarter. CCB raises its target price on the stock to $17.80 from $9.10 while maintaining an outperform rating. Shares last closed at $12.64. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 20, 2024 23:37 ET (04:37 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XPEV","symbol_name":"小鵬汽車","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2485487231","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485487231","pubTimestamp":1732163820,"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":"0437 GMT - XPeng will likely report stronger sales volume for the rest of this year and next year, thanks to demand for its new models, CCB International analyst Qu Ke writes in a note. The Chinese automaker is on track to reach its monthly delivery target of 30,000 units in December due to strong sales of its Mona M03 and P7+ models, he adds. Supported by the strong momentum, XPeng could achieve a significant leap in sales volume next year, which could result in 50% growth by the end of 2025, he says. The brokerage forecasts 280,000 units of deliveries next year, which would mean deliveries of an average of 70,000 units per quarter. CCB raises its target price on the stock to $17.80 from $9.10 while maintaining an outperform rating. Shares last closed at $12.64. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"XPEV":"小鹏汽车"},"translate_title":"小鹏汽车明年将保持强劲的销售势头——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XPEV":0.9},"content_text":"0437 GMT - XPeng will likely report stronger sales volume for the rest of this year and next year, thanks to demand for its new models, CCB International analyst Qu Ke writes in a note. The Chinese automaker is on track to reach its monthly delivery target of 30,000 units in December due to strong sales of its Mona M03 and P7+ models, he adds. Supported by the strong momentum, XPeng could achieve a significant leap in sales volume next year, which could result in 50% growth by the end of 2025, he says. The brokerage forecasts 280,000 units of deliveries next year, which would mean deliveries of an average of 70,000 units per quarter. CCB raises its target price on the stock to $17.80 from $9.10 while maintaining an outperform rating. Shares last closed at $12.64. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 20, 2024 23:37 ET (04:37 GMT)\n\n\n  Copyright (c) 2024 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":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}