On June 20th, Guolonghui reported that BOCOM International stated in a report that Xiaopeng Motors is expected to have a significant improvement in sales volume in the fourth quarter. Starting from the third quarter this year, Xiaopeng will enter a new product launch cycle and will release multiple new models in the next three years, covering a price range of 100,000 to 400,000 yuan. The first model of the Mona series is an A-class pure electric sedan with a price lower than 200,000 yuan. Its features are beautiful design, large space, and high degree of intelligence. Looking forward to the fourth quarter, Xiaopeng will launch the B-class pure electric sedan F57. Due to technological advancements, F57 has become the first product to achieve a 25% cost reduction. Compared with the existing models (except X9), it is expected to have a higher gross margin. With the delivery of two new products, the bank expects Xiaopeng's sales volume in the fourth quarter to increase significantly. BOCOM International pointed out that Xiaopeng's stock price has limited downside potential, and its rating has been upgraded from "sell" to "neutral," with an H-share target price of 30.53 Hong Kong dollars (up from 29.96 Hong Kong dollars). Xiaopeng’s monthly sales volume has returned to the level of 10,000 vehicles in May. With the change of sales channels and the release of new cars in the second half of the year, its sales volume is expected to continue to improve this year.