Understanding the Market | XPENG-W rises over 4% again as XPeng P7+ begins nationwide deliveries, expected to help the company exceed 30,000 vehicles delivered this month
XPENG-W rose over 4% again, as of the time of publication, up 3.92%, reported at HKD 59.6, with a transaction volume of HKD 1.784 billion. In terms of news, XPeng's chairman He Xiaopeng posted on Weibo today, stating that the XPeng P7+ has started nationwide deliveries today. Credit Lyonnais released a research report stating that they believe the P7+ and M03 will help XPeng achieve 30,000 deliveries in November, and that the success of the P7+ and M03 proves that XPeng's economical ADAS strategy is working. JP Morgan indicated that XPeng's recent catalyst is the third-quarter results on November 19, expecting gross margin to expand, while marketing, general, and administrative expenses remain flat. The firm anticipates management's guidance for fourth-quarter deliveries to reach 80,000 units. As for 2025, the firm expects XPeng to record a sales growth of 119%, reaching 392,000 units. Additionally, they expect P7+ sales to reach 10,000 units in December, with total sales in 2025 reaching 124,000 units, and anticipate management will provide more details about new models for next year during the earnings call
According to Zhitong Finance APP, XPeng-W (09868) has risen over 4% again, with a current increase of 3.92%, priced at HKD 59.6, and a trading volume of HKD 1.784 billion.
In terms of news, XPeng's Chairman He Xiaopeng announced on Weibo today that the XPeng P7+ has started nationwide deliveries. Credit Lyonnais released a research report stating that they believe the P7+ and M03 will help XPeng achieve 30,000 deliveries in November, asserting that the success of the P7+ and M03 proves that XPeng's economical ADAS strategy is working.
Morgan Stanley indicated that XPeng's recent catalyst is the third-quarter results on November 19, expecting gross margins to expand while marketing, general, and administrative expenses remain flat. The firm anticipates that management will guide for fourth-quarter deliveries of 80,000 units. As for 2025, the firm expects XPeng to record a sales growth of 119%, reaching 392,000 units. Additionally, they expect P7+ sales to reach 10,000 units in December, with total sales for 2025 reaching 124,000 units, and anticipate that management will provide more details about new models for next year during the earnings call