Deutsche Bank said in a report that XPeng Inc. 's performance in the second quarter of 2022 is expected to be weak due to the pressure on gross profit margin caused by raw material inflation, and the affected demand is lower than expected. XPeng Inc. is expected to target shipments of 35000 to 37000 vehicles in the third quarter, which will be much lower than market expectations. The bank lowered XPeng Inc. 's target price for US stocks from US $51 to US $43; the bank also pointed out that XPeng Inc. 's long-term value of technical capabilities was undervalued and did not think that demand would deteriorate significantly at the current level and would be rated as buying.