DBS has raised its sales growth forecast for Xiaopeng Autos for the fiscal years 2025 and 2026 to 65% and 25% respectively, which is approximately 308,000 and 385,000 units.
According to Zhitong Finance APP, DBS has released a research report stating that due to improved sales and profit outlook, it has raised the target price for Xiaopeng Motors-W (09868) Hong Kong stock from 60 HKD to 67 HKD, maintaining a 'buy' rating. The sales backlog for the Xiaopeng P7+ and MONA M03 models is strong, and with four new models to be launched next year, the sales growth forecast for the fiscal years 2025 and 2026 has been adjusted to 65% and 25% respectively, or approximately 308,000 and 385,000 units. The Kunpeng Super Electric System (which can switch seamlessly between pure electric and extended-range driving) will accelerate future growth in the EREV market.
