Deutsche Bank: XPeng is expected to maintain strong sales performance

Deutsche Bank research analyst Bin Wang stated in a report that XPeng Motors is expected to maintain strong sales performance for the remainder of this year. Wang pointed out that XPeng Motors' delivery volume in September increased by 39% year-on-year, reaching the highest monthly delivery level since the company was founded, driven by strong demand for the Mona M03 model in the market. Wang estimates that XPeng Motors will deliver 11,000, 15,000, and 20,000 units of the M03 model in October, November, and December respectively. The analyst maintains a buy rating on the stock and raises the target price from HKD 55.00 to HKD 67.00. The stock fell by 12% to HKD 48.55