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<Research>Jefferies Elevates XPENG-W (09868.HK) TP to $70.8 as P7+ May Be Game Changer
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XPENG-W (09868.HK) officially released its P7+ model, Jefferies released a research report saying. According to its management, more than 31,000 non-refundable orders have been received in the first 3 hours after the official launch of the P7+. XPENG-W's P7+ could be a game changer, which boasts a higher level of automation while saving 50% of the BOM cost of its automated driving system, Jefferies added. Jefferies revised its 2024/ 2025 EPS forecasts for XPENG-W to a loss of RMB3.7/ RMB0.6 each, mainly reflecting the more optimistic sales outlook, and expected 2024/ 2025 sales volume to be 174,000/ 394,000 units, respectively. The broker reiterated rating at Buy for the Group, and elevated its target price for XPENG-W's H-shares from $47.2 to $70.8. AAStocks Financial News |
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