Golden Finance News | Guolian Securities issued a research report, on October 2, Xpeng (09868) announced its September delivery data. In September 2024, Xpeng delivered a total of 21,352 new cars, an increase of 39% year-on-year, and a 52% increase from the previous month. From January to September 2024, Xpeng cumulatively delivered a total of 98,561 new vehicles, a 21% year-on-year increase. Xpeng MONAM038 was listed on August 28th, with a total of three SKUs priced at 0.1198/0.1298/0.1558 million yuan. Within 48 hours after its release, the number of pre-orders exceeded 0.03 million. After its official launch in September, it quickly became the best-selling A-class pure electric sedan.

The bank pointed out that in September, the Asia Vets autonomous driving monthly active user penetration rate in XNGP urban areas reached 83%. On September 25th, with the full push of AI Tianji XOS5.3.0, users were provided with 32 functional updates and 38 performance upgrades. With the support of an end-to-end AI large model, Xpeng's smart driving can achieve the ability to "drive freely on open roads, easily pass ETC, and make smooth turns and U-turns".

The bank stated that it is expected that the company's sales volume in 2024/2025/2026 will be 0.18/0.45/0.67 million vehicles respectively, with corresponding revenues of 43.6/79.3/104.6 billion yuan, representing year-on-year growth rates of 42%, 82%, and 32% respectively. The net income attributable to shareholders is expected to be -5.05/-0.5/2.3 billion yuan. With new car models about to be launched, a turning point in sales is expected. Continued iteration of smart driving and the pace of new model launches are expected to help the company achieve a turnaround in financial data. Further cooperation with the masses may expand the company's revenue and technological capabilities. Maintaining a 'buy' rating.