XPENG Expands Service Network in Europe
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Citi bearish on XPeng (XPEV) following price cuts
January 18, 2023 8:06 AM UTCCiti reiterated a Sell rating on XPeng (NYSE: XPEV) after the company announced that the electric vehicle maker would be cutting the MSRP on it models. The price cut scale for G3i is at Rmb20k-25k while the P5 is cut by Rmb23k and the P7 by... More
Citi Reiterates Sell Rating on XPeng (XPEV), 'may never be able to break even'
January 17, 2023 12:34 PM UTCCiti analyst Jeff Chung reiterated a Sell rating and $8.92 price target on XPeng (NYSE: XPEV).
The analyst comments "Assuming lithium carbonate cost drops by Rmb300k/ton, G9s GPM at 20% and quarterly sales of G3i/P5/P7/G9 at 3.6k/6k/18k/18k, we estimate Xpengs blended vehicle GPM at around 11% after price cut, with GPM of G3i/P5/P7 alone close to 0%,... More
Morgan Stanley bullish as XPeng (XPEV) announces price cuts
January 17, 2023 7:40 AM UTCMorgan Stanley reiterated an Overweight rating and $12.00 price target on XPeng Inc. (NYSE: XPEV) after the company announced Tuesday that the electric vehicle maker will cut the prices of the G3i, P7, and P5 by Rmb20-36k. This announcement follows recent price cuts by Tesla... More
