Xpeng: Milestone Year Ahead
186 Views, 18 Jan 2022 18:51
Victoria has highlighted this Insight as a Top Pick
- 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).