Jingu Finance News | Changjiang Securities issued a research report stating that Xiaopeng Motors (09868) released its sales volume in November 2024. In November, the company delivered a total of 30,895 new cars, a year-on-year increase of 54.2% and a month-on-month increase of 29.2%. From January to November 2024, the company has cumulatively delivered a total of 153,000 units of new cars, a year-on-year growth of 26.2%. In November, the monthly deliveries exceeded 30,000 units, breaking the record for three consecutive months, with the monthly deliveries exceeding 10,000.

The bank pointed out that the company's asia vets driving technology continues to lead. With channel changes and strengthening of marketing systems, combined with the start of a strong new car cycle, the company's sales are expected to steadily increase. MONAM03 and P7+ mark the start of the company's new car cycle. Scale expansion, platform and technology cost reduction effects will be further demonstrated, combined with the commercial model expansion of software profit and continuous overseas growth, the company's future profitability has great elasticity. It is expected that the company's revenue in 2024 will be 41.5 billion yuan, corresponding to a PS2.0X. The significant improvement in revenue from popular autos reflects a substantial improvement in financial performance. The company is expected to enter a turning point in the new car cycle, maintaining a "buy" rating.