According to the Zhitong Finance app, Bocom intl released a research report stating that it raised its target price for xpeng-W(09868) to HKD 39.29 and upgraded its rating to "buy". The company announced the final price of the M03 at its 10th anniversary celebration on August 27th, and the bank believes that the final price could be highly competitive. The M03 has an excellent energy consumption of around 11-12KW per 100 kilometers and outstanding power consumption levels. At the same time, the M03 has a superior infotainment and voice system compared to its peers.

The bank expressed that it raised its sales, revenue, and gross margin forecasts for xpeng, with the M03 driving sales growth next year. It believes that the pricing of the entry-level version could be in the range of RMB 0.12-0.125 million, which is highly competitive. The M03 offers a stylish and personalized appearance and interior design, which is expected to attract young consumers, especially female users. The bank believes that the MONA series, priced below RMB 0.2 million, is excellent compared to its peers in terms of infotainment and intelligent driving advantages, and there will be an SUV model next year. In addition, the second half of the year is expected to bring further cost reductions in pure visual intelligent driving solutions. Sales volume is expected to improve next year with further narrowing of losses.