0301 GMT - XPeng is entering a strong business cycle, say Nomura analysts in a note. The company is likely to see improving shipments, higher average selling prices and stronger margins ahead. The company unveiled its first new model this year, a mid-size SUV model G7, using advanced AI technology. The new model's launch could be a good start for the company's strong business cycle, thanks to its competitive technology and family-friendly feature of an ultra-large interior space, Nomura says. The new model's features and the pre-sale price has potential for a positive surprise when the official price is released, it adds. The brokerage maintains a buy rating for Xpeng's ADR at $30.00. The ADRs last closed at $19.23. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
June 12, 2025 23:01 ET (03:01 GMT)
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