Express News | JD.com Down 5.4%, Li Auto Down 4.9%, NIO Down 4.2%, Xpeng Down 6.3%
CMB International raised the target price of Xiaopeng Motors (09868.HK) to 70.8 yuan. The P7+ may change the rules of the gaming.
Futu released a research report stating that Xiaopeng Motors (09868.HK) officially launched the automobile P7+. According to management, within the first three hours after the official release of the P7+, more than 0.031 million non-refundable orders have been received. The bank expects Xiaopeng's monthly sales volume to exceed 0.03 million vehicles by the end of the year. The P7+ also marks a strong product cycle for the group starting next year. Futu stated that Xiaopeng's P7+ may change the gaming rules, as the automobile has a higher level of automation and can save 50% of the Bill of Materials (BOM) cost for the autonomous driving system. The selling price of the P7+ ranges from 0.1868 million to 0.2188 million Chinese yuan, with an attractive price.
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