Glonghui, May 28 | Goldman Sachs released a report. Xiaopeng provided technical research and development services to Volkswagen, driving gross margin improvement to 12.9% in the first quarter. Overall, the bank expects Xiaopeng's R&D service revenue in 2024 and 2025 to be 1,575 billion yuan and 1.95 billion yuan, respectively, and gross profit of 1,418 billion yuan and 1,755 billion yuan, which will be directly converted into net profit. The bank maintained a “buy” rating, and the target price of Hong Kong stocks was raised 4% to HK$47.
大行评级｜高盛：上调小鹏目标价至47港元 维持“买入”评级
Bank Rating | Goldman Sachs: Raising Xiaopeng's Target Price to HK$47 to Maintain “Buy” Rating
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