XPeng

Xpeng: Milestone Year Ahead

Equity Bottom-Up
186 Views, 18 Jan 2022 18:51
Victoria has highlighted this Insight as a Top Pick
EXECUTIVE SUMMARY
  • Short term interruption from chips and LFP battery shortage would be eased in 2H2022.
  • Xpeng’s monthly delivery would ramp up to 30,000 cars with the launch of G9 in 3Q2022.
  • We estimate Xpeng’s net profit will turn positive at the end of 2022, which would trigger further re-rating of the stock to HK$300 (or US$77).
detail (1-minute read)
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Victoria Li (maternity leave)
China specialist, Auto and Industrial specialist
ChinaConsumer Discretionary & IndustrialsEquity Bottom-UpThematic (Sector/Industry)
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